Mubasher: The Producer Prices Index (PPI) in Kuwait went up 17.3% in the first quarter of 2018, according to data issued by the Kuwait Central Statistical Bureau on Sunday.
Kuwait’s PPI reached 89.5 points in the three-month period ended March 2018, compared to Q4-17.
The index for the extractive industries group rose 19.63%, due to a 19.52% increase in the index of oil extraction prices, the state-run bureau noted.
The index of the manufacturing industry went up 15.5%, as a result of a 22.73% growth in the oil refining prices index, data showed.
Moreover, the transformative industries group registered a rise of 14.63%, due to the price hikes of the oil refineries group by 21.39%.
On a monthly basis, the GCC nation's PPI declined 4.09% in March, compared to its level a month earlier, according to the data.
