Inflation in Kuwait rises by 2.8 percent in August

Inflation on an annual basis in Kuwait rose by 2.8 percent in August compared with the same month in 2011, official data said here on Monday. On a monthly basis, the inflation rate also rose by 0.5 percent in August since July, the Central Statistical Office (CSO) was quoted as saying by Kuwait News Agency. Food prices, in particular, jumped by 5.7 percent after witnessing a rise in six of its sub-groups and a decline in two. It explained that meats, poultry and fish increased by 0.1 percent, while tea and coffee rose by 0.6 percent. Fruits and vegetables increased by one percent while other food commodities decreased by 0.1 percent and prices of sugar and its products decreased by 0.2 percent. Only two groups were unmoved since June, including the transport and logistics group, 1.6 percent and the tobacco and beverages group on 6.4 percent. All remaining groups witnessed rises, including educational and health services, 2.5 percent, domestic services and home products, 1.3 percent, clothing and footwear, 3.8 percent and other commodities and services, 2.7 percent.