Wednesday April 26 2017
Kuwait Inflation Rate at 2.63 percent
Consumer prices in Kuwait increased 2.63 percent year-on-year in March of 2017, easing from a 3.22 percent rise in the prior month. It is the lowest inflation rate since November of 2013, as prices slowed for housing (4.28 percent vs 6.44 percent in February), home furnishing and maintenance (2.87 percent vs 4.08 percent), education (1.15 percent vs 1.22 percent) and health (1.54 percent vs 1.55 percent). In addition, cost fell for miscellaneous goods and services (-0.15 percent from a previous flat reading). In contrast, prices rose faster for transport (12.08 percent vs 10.67 percent) and recreation and culture (0.23 percent vs 0.16 percent) and dropped less for food & beverages (-0.13 percent vs -0.26 percent) and clothing and footwear (-0.55 percent vs -0.86 percent). On a monthly basis, consumer prices increased 0.14 percent compared to a 0.07 percent decline in February.