Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait's consumer price rises by 2.96 percent in March  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 24/04/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Kuwait News Agency (KUNA)) Kuwait's annual record of the general index of consumer prices (inflation) rose in March by 2.96 percent compared with the same month of last year, the Central Statistical Bureau (CSB) announced Wednesday.

In its monthly report the CSB, however, stated that the inflation rate jumped only by 0.30 month-on-month basis as result of the rise in prices of some major groups with influential figures in the movement and low standard of some groups.

It noted that the price index for nine major groups increased and retreated for three others in the corresponding period.

The price index for the major group of "furnishing equipment and household maintenance" hiked by 4.83 percent year-on-year and by 0.22 percent month-on-month.

The price index for the major group "housing services" rose by 4.50 percent year-on-year, and by 0.92 percent month-on-month.

Furthermore, the price index for the major group "education" rose by 4.06 percent year-on-year and by 1.42 month-on-month.

The price index for the major group "Food and Beverages" hiked by 3.57 percent year-on-year and 0.14 percent month-on-month.

The price index for the major group "clothing and footwear" surged by 3.35 percent year-on-year and by 0.39 percent month-on-month.

The price index for the major group "restaurants and hotels" grew by 2.46 percent year-on-year, but nosedived by 1.23 month-on-month.

The price index for the main group of "recreational and cultural" rose by 1.25 percent year-on-year and but declined by 0.08 percent month-on-month.

The price index for the main group of "transport" swelled by 1.22 percent year-on-year and by 0.32 percent month-on-month.

The price index for the group "cigarettes and tobacco" soared by 2.12 percent year-on-year and declined by 0.07 percent month-on-month. The price index for the main group "health" dropped by 1.49 percent year-on-year and remained flat month-on-month.

Meanwhile, the price index for the main group of "communications" decreased by 1.28 percent year-on-year and by 0.20 percent month-on-month.

The price index for the major group "miscellaneous goods and services" retreated by 2.38 percent year-on-year, but grew by 0.24 percent month-on-month.


Kuwait News Agency (KUNA)

  MENA News Headlines
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help