Kuwait's inflation increases 3.33 percent in Q1

(MENAFN) Kuwait's inflation rate increased by 3.33 percent by the end of the first quarter, compared to the corresponding period a year earlier, according to the Central Statistical Bureau (CSB), Kuwait News Agency reported.

In March, the increase was 0.74 compared to the previous month, the report said, adding that the sturdy growth of seven prime groups largely contributed in the increase.

Food and beverages group increased by 1.72 in March against the same month of 2014, while the rise was only 0.14 percent compared to the previous month.

Tobacco and narcotics group witnessed 11.87 percent increase year-on-year and 0.13 percent month-on-month. However, Clothing and footwear group witnessed 0.31 percent year-on-year decline.