Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait's July inflation rises by 2.71: report  Join our daily free Newsletter

MENAFN - Arab Times - 26/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times)  KUWAIT CITY Aug 25 (KUNA): Kuwait's annual record of the general index of consumer prices (inflation) rate rose in July by 2.71 percent compared with the same month of last year the Central Statistical Bureau (CSB) announced Monday. In its monthly report the CSB however stated that the inflation rate remained unchanged on month-on-month basis. The CSB data showed that the inflation rate of four major groups increased retreated for two groups and remained flat for six groups compared with that of June. The groups which recorded inflation rate rises month-on-month were: tobacco and narcotics; furnishing equipment and household maintenance; transport; and recreation and culture. The groups whose inflation rates dropped were: clothing and footwear; and communications. The detailed data indicated that the inflation rate of the major group of 'furnishing equipment and household maintenance' hiked by 4.32 percent year-on-year and by 0.15 percent month-on-month. The inflation rate of the major group 'housing services' rose by 4.39 percent year-on-year and remained unchanged month-on-month.   Rose  Furthermore the inflation rate of the major group 'education' rose by 4.19 percent year-on-year and remained flat month-on-month. The inflation rate of the major group 'food and beverages' jumped by 1.96 percent year-on-year and remained changed month-on-month. The inflation rate of the major group 'clothing and footwear' surged by 2. 20 percent year-on-year and slipped by 0.38 percent month-on-month. The inflation rate of the major group 'restaurants and hotels' grew by 2.54 percent year-on-year but remained unchanged month-on-month. The inflation rate of the main group of 'recreational and cultural' rose by 0.47 percent year-on-year and by 0.15 percent month-on-month. The inflation rate of the main group of 'transport' swelled by 1.63 percent year-on-year and by 0.24 percent month-on-month. The inflation rate of the group 'tobacco and narcotics' soared by 12.58 percent year-on-year and by 4.77 percent month-on-month. The inflation rate of the main group 'health' dropped by 1.18 percent year-on-year and remained flat month-on-month. Meanwhile the inflation rate of the main group of 'communications' decreased by 0.99 percent year-on-year and by 0.10 percent month-on-month. The inflation rate of the major group 'miscellaneous goods and services' soared by 0.24 percent year-on-year and remained unchanged month-on-month.   

 


Arab Times




  MENA News Headlines
 Dec 22 2014 - Mideast insurers have strong risk-adjusted capital, says AM BestGulf Times
(MENAFN - Gulf Times) Insurers in the Middle East in general and those in the Gulf countries have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance ...

 Dec 22 2014 - Mideast aviation firm plans budget airline in ThailandGulf Times
(MENAFN - Gulf Times) Dubai-based Transworld Aviation (TWA), a supplier of aircraft parts and aviation maintenance services and the first Middle East company of its kind with a presence in Southeast ...

 Dec 22 2014 - NDSQ to build 11 boats for new portGulf Times
(MENAFN - Gulf Times) Nakilat Damen Shipyards Qatar (NDSQ) will build construct 11 workboats, which indicate the domestic capability in the maritime industry.In this regard, NDSQ has signed an ...

 Dec 22 2014 - GCC fiscal balance to be affected by falling oil pricesMENAFN
(MENAFN) According to a report by Standard Chartered, Gulf countries' fiscal balances and growth are going to be impacted due to the drop in oil prices and the possible cuts in production in 2015 if ...

 Dec 22 2014 - USD stable against Kuwaiti dinar at KD 0.292Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The USD exchange was stable against the Kuwaiti dinar in Sunday's trading at KD 0.292 while the euro dropped to 0.357, compared with Thursday's rates, said the ...

 Dec 22 2014 - Kuwait- GCC drug registration meeting kicks offKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 69th meeting of the Gulf Central Committee for Drug Registration (GCCDR) kicked off on Sunday under patronage of Minister of Health Dr. Ali Al-Obaidi.The ...

 Dec 22 2014 - EU Parliament sends strong political message on PalestineKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The European Parliament last Wednesday overwhelmingly adopted a compromise resolution which supports in principle recognition of Palestine statehood and the two ...

 Dec 22 2014 - Kuwait- EQUATE in the final stages of plants' turnaroundKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EQUATE Petrochemical Company, Kuwait's first international petrochemical joint-venture, announced that it will soon be in the final stages of its plant ...

 Dec 22 2014 - Build Your Career overcoming six wrong beliefsAl-Anbaa
(MENAFN - Al-Anbaa) Self-talk is driven by critical beliefs that you hold about yourself, and is manifested in the things that you think as you move through your day. It plays an understated but ...

 Dec 22 2014 - Kuwait- KSE ends Sunday's trading on positive noteKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) All main indices of Kuwait Stock Exchange (KSE) ended Sunday's trading in green zone, as the Weighted Index closed at 433.62, gaining 16.81 points, the Price ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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