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Inflation in Kuwait rose 3.15 percent in 2022

An aerial view of the landmark Kuwait Towers and the Ras al-Ard cape of Kuwait City overlooking the Gulf waters. (AFP)
By TRENDS Desk
January 23, 2023 9:52 am
  • The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis
  • Record number of the food and beverages went up by 7.48 percent, compared to December 2021

Kuwait City – The inflation on annual basis grew by 3.15 percent in Kuwait by the end of 2022 compared with 2021.

The Kuwait Central Statistical Bureau (KCSB) stated in a report published by Kuwaiti News Agency (KUNA) on Sunday that inflation rate rose 0.17 percent in December, on monthly basis, due to increase of prices of all commodities that influence movement of the key indices particularly food and education.

Record number of the first group (food and beverages) went up by 7.48 percent, compared to December 2021, while the price index of the second group (cigarettes and tobacco) rose slightly by 0.22 percent on an annual basis, KCSB pointed out.

The consumer price index (CPI) for the clothing group rose 5.35 percent on a yearly basis, while rates of (housing services) rose by 1.44 percent, KCSB said.

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