Kuwait - Mubasher: Kuwait's inflation in consumer prices jumped in September on the back of the fuel price hike during the month, according to a report compiled by NBK Capital.
The country's headline inflation rose to 3.8% year-on-year in September from 2.9% in August.
Excluding the increase in fuel prices, the rate of inflation remained relatively steady at around 3.0% y-o-y, noted NBK Capital.
In September, CPI jumped 1%, it would have been flat to down without the rise in fuel prices.
Food inflation continued to be soft thanks to declining international food prices, added the report.
Moreover, inflation in housing services, mostly housing rents, stabilized in September after trending upwards for almost a year, in tandem with weakness in the real estate market, according to the report.
NBK Capital said it expects headline inflation to log in an annual average inflation rate of 3.4% in 2016, just marginally higher than the 3.3% reading in 2015.
