Kuwait inflation up by 3.33% in March

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Monday 27 Apr 2015 - 13:04 Makkah mean time-8-7-1436 Kuwait city, (IINA) - Kuwait’s consumer prices index (CPI) or inflation rate rose  by 3.33 percent in March compared with the same month of last year, the Central Statistical Bureau (CSB) announced on Sunday.  In its monthly report, the CSB stated however that the inflation rate rose by 0.74 percent in March more than its levels in the previous month, Kuwait Times reported. The index figure during the month of March recorded a rise of seven major groups with influential figures in the movement and low standard of four groups, it said, adding that only one group remained unchanged month-on-month. The group of food and beverage rose in March by 1.72 compared with the same month of 2014, while the group rose by 0.14 percent month-on-month compared with February, it added. The report also pointed out that the CPI of recreation and culture rose by 0.93 percent year-on year and dropped by 0.08 percent. While consumer prices of education group soared by 5.23 percent year-on-year and by 0.15 percent month-on-month. The Central Statistical Bureau issues a monthly report on the Consumer Prices Index (CPI), which gives indications of the rates of changes in prices for the commodity groups influencing the families’ expenditure and the ability of consumer spending. This index uses the year 2007 as the base year. SM/IINA