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FINANCIAL NEWS
Kuwait’s inflation at highest level in July
26 Aug 2015
(MENAFN) According to data released by Kuwait’s statistics office, the country’s inflation rate in July reached its highest level since April of 2012.
Kuwait’s consumer inflation edged up by 0.1 percent in July compared to the same period a year earlier. The rate was stood at 3.6 percent in July 2015.
Prices of food and beverages, which account for more than 18 percent of the basket, rose 4.1 percent from a year earlier and 0.5 percent from the previous month.
Housing costs, which account for nearly 29 percent of consumer expenses, jumped 6.5 percent year-on-year but were flat month-on-month.
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