Data from the Central Administration of Statistics in Kuwait showed that the inflation rate increased by 4.09% last September, on an annual basis.
Contributing to the annual rise in inflation was the increase in the prices of 11 groups, led by education, by 18.86%, while no group recorded a decline during the period, while the group of cigarettes and tobacco settled alone, according to what was reported by the newspaper “Al-Anbaa”.
The consumer price index is one of the most important economic indicators that depend on following up the development of the economic situation in Kuwait. It is also considered an essential element for following up on the general development of prices in the retail markets.
In 2017, this indicator was updated and calculated on the basis of the year 2013, after it was calculated on the basis of 2007. The update included several methodological elements with the base year, such as weights, basket, commodity classification, sample sources, the method of tracking housing rents, and others.
