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FINANCIAL NEWS
Kuwait’s inflation rises to 4% in July
28 Sep 2010
(MENAFN) Kuwait’s Central Statistics Administration (CSA) said that the country’s inflation rose to 4 percent last July compared to the corresponding month of last year, though it did not exceed 0.6 percent on a monthly basis, Kuna reported.
The biggest hike in prices of groups of commodities was seen in the foodstuffs which soared by 8.5 percent compared to the corresponding period of the last year, while the rate of inflation of the same group for the same month hit 1.3 percent compared to the previous month, according to a CSA statement.
The statement also pointed to a hike in the inflation rate of the group of clothes and footwear by 5.4 percent compared to July of the last year and by 1.7 percent compared to June.
Further, it said that the inflation rate of housing services was up by 4.6 per cent compared to July of the last year, while it posted a retreat by 0.1 percent month-on-month.
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