Kuwait September Inflation Eases On Housing Costs

Kuwait's statistics office reported the following September consumer price data on Sunday.

KUWAIT CONSUMER INFLATION 09/17 08/17 pct change month/month 0.5 0.0 pct change year/year 0.5 1.2 NOTE: Starting with June 2017 data, the statistics office changed the base year for the consumer price index to 2013 from 2007, saying the accompanying changes in weightings in the consumer basket had the effect of raising inflation rates for past years slightly.

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Prices of food and beverages, which account for nearly 17 per cent of the new basket, were flat from a year earlier in September. Housing costs, which account for over 33 per cent of consumer expenses, fell 1.8 per cent.

Transport costs increased 1.7 per cent. 

SOURCE : GDNONLINE

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