|20 February, 2020

Kuwait’s inflation up 1.68% in January

The telecom sector was the key contributor to the CPI growth

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

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Kuwait's inflation rate grew by 1.68% year-on-year (YoY) to 115.3 points in January from 113.4 points, according to data released by the Central Statistical Bureau (CSB) on Thursday.

The telecommunications sector was the key contributor to the consumer price index (CPI) growth by 4.40%, while prices of the housing services sector advanced by 0.86%.

Month-on-month (MoM), the GCC nation’s CPI edged up by 0.09% last month due to an increase in prices of four subgroups, topped by the basket of various goods and services which went up by 0.55%.

Source: Mubasher

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