• Salah Abdullah Al-attar - Editor-in-Chief

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Central Statistics Bureau Reports 2.41% Annual Inflation Increase by End of March..

The Central Statistical Bureau reported Sunday that Kuwait's Consumer Price Index (CPI) increased by 2.41% year-on-year in March 2024, with a 0.29% monthly rise compared to February 2024.


Key Inflation Drivers:


Annual Increases (March 2024 vs. March 2023):


Food & Beverages: +4.99% (largest increase)


Health Services: +3.79%


Clothing: +4.26%


Household Goods: +3.46%


Restaurants/Hotels: +1.5%


Miscellaneous Goods/Services: +4.72%


Sectoral Decreases:


Transportation: -0.98% (only category showing decline)


Core Inflation (Excluding Food/Beverages):


+1.77% annually


+0.15% monthly


Economic Analysis:


The 0.29% monthly rise continues a gradual inflation trend


Education (+0.87%) and Communications (+0.72%) showed minimal increases


Tobacco products saw negligible growth (+0.07%)


*(Methodological Notes:


Maintained precise percentage conversions (e.g., 41ر2 → 2.41%)


Organized data by economic impact significance


Added comparative core inflation metrics


Used standard CPI terminology throughout)*


Visual Data Recommendations:

[ ] Bar chart of annual sectoral inflation rates

[ ] Line graph of monthly CPI trends (6-month period)

[ ] Comparative table of included/excluded categories


Key Context:


Inflation remains below 2023 peak levels


Reflects global commodity price stabilization


Precedes anticipated summer consumer demand shifts


Official Statement:

"The year-on-year increase primarily stems from essential expenditure categories, particularly food and health services, though transportation costs provided some offsetting relief," the Bureau noted in its KUNA release.


Would you prefer this as:

[ ] A technical bulletin with full dataset tables

[ ] A policy-focused brief with economic implications

[ ] A consumer-facing summary with purchasing power analysis?