Mubasher: Inflation rate in Kuwait increased during April by 1.85% year-on-year (YoY), data by the Central Statistical Bureau (CSB) showed.
The Consumer Price Index (CPI) registered 113.3 points in April 2020, compared to 115.4 points in the corresponding month of 2019.
The prices of eleven groups levelled up, led by the telecom group that recorded a 5.44% rise, contributing to the annual increase in inflation, while household services was the only declining group.
On a monthly basis, the inflation rate decreased by 0.09%, as the prices of food and beverages solely retreated by 1.63%, while eight price groups went up and another four remained unchanged in April.
