Kuwaiti Dinar Remains World's Strongest Currency Despite Inflation
On the US Detail Zero website, Kuwait's dinar topped the list of global currencies despite inflation, followed by Bahrain's dinar, Omani riyal, then Jordan's dinar, and the US dollar ninth...
August 01, 2022544Category: Kuwait
State Property Fees Could Increase By 10 To 20 Percent
The concerned authorities have completed a government study for new regulations for those who exploit state real estate, with a proposal to exempt cooperative societies from the increases for several ...
May 09, 2022172Category: Kuwait
When Inflation Makes Your Money Less Valuable, Here's How To Save More
Consumers can adjust their spending and saving strategies during inflation to help minimize the impact of inflation on the value of their money.
In terms of spending power, inflation implies that i...
May 07, 2022393Category: Information
Local Inflation Jumps 8.2% Over The Last Five Years; Wages Don't Keep Pace
With inflation in Kuwait on the rise since 2017, and particularly in the last two years, the subject of whether compensation increases have kept pace with inflation is one worth considering.
Consum...
April 21, 2022177Category: Kuwait
Inflation In Kuwait Rose 3.17%
The consumer prices on an annual basis grew by 3.17 percent in July, according to the State of Kuwait Central Statistical Bureau. In a statement to KUNA on Wednesday, the bureau indicated that inflati...
December 01, 2021358Category: Business
April Inflation Rate Pegged At 3.12%
The consumer prices on annual basis grew by 3.12 percent in April, according to the State of Kuwait Central Statistical Bureau. The bureau, in its monthly report issued on Monday, said inflation rate ...
June 01, 2021407Category: Business
Inflation In Kuwait Up By 2.95 Percent In December, 2020
Kuwait’s inflation rate in December, last year, rose by 2.95 percent on a year-on-year basis, the Central Statistics Bureau (CSB) said on Thursday. In its monthly consumer prices index (CPI) rep...
February 11, 2021293Category: Economics
Inflation In Kuwait Rose By 1.15 Percent
Inflation rates on annual basis in Kuwait rose by 1.15 percent in July, compared to the same month in 2018, according to the Central Statistical Office (CSO).
Inflation rate on a monthly basis rose...
August 21, 2019268Category: Business
Kuwait GDP Climbs In Q3,Says NBK Inflation Drops
Kuwait’s gross domestic product (GDP) rose 1.8 percent on annual basis in Q3 2018, the National Bank of Kuwait (NBK) said in a report on Saturday, indicating mounting contribution of t...
January 27, 2019332Category: Business
Govt Discussing New Amendment To Trade Act To Address Interest Inflation
At a time, when the popular and parliamentary claims continue to be made regarding the reduction of consumer loans, the government agencies are discussing new amendments to the Trade Act to address th...
January 10, 2019368Category: Business
Inflation In Kuwait Rose 0.89 Percent In August
Basic consumer prices (inflation) rose by 0.89 percent in August compared to the same month last year, the monthly report of the Central Statistical Bureau (CSB) showed.
Consumer Price Index (CPI) ...
September 21, 2018456Category: Business
Increase In Fuel Price Not Linked To Rate Of Inflation
High cost of fuel did not contribute to high inflation rate in Kuwait shortly after announcing the new prices of fuel in September 2016, reports Al-Nahar daily.
According to official data, prices o...
May 17, 2018972Category: Kuwait
Audit Bureau Has Called On The Government To Impose New Taxes
The Audit Bureau (AB) has called on the government to impose new taxes to increase the non-oil revenues by amending the tax laws to reform the state’s tax system saying an increase in non-oil re...
November 10, 2017871Category: Kuwait
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...
October 23, 20171281Category: Kuwait
UAE Will Be Affected By Introduction Of VAT Says BMI
The introduction of the value-added tax (VAT) by the GCC from January 1, 2018, will only have a short-term impact on the spending power of locals and expats, according to a new report.
The five per...
March 07, 2017582Category: Kuwait
Kuwait Domestic Inflation Index Rises 3.4 Percent
Domestic Consumer Prices Index (CPI) rose 3.4 percent in November compared to the same month of 2015, the Central Statistical Bureau said in a report released on Sunday.
The general index figure dr...
December 26, 20161028Category: Kuwait
KD 100 Allowance To Kuwaitis To Face Inflation
Government sources said there is a recommendation to raise the “cost of living” allowance for Kuwaiti employees in government departments to face the increase in the prices of consumer pro...
January 26, 20162421Category: Kuwait