The Central Statistical Bureau (CSB) reported on Tuesday that Kuwait's Consumer Price Index (CPI/inflation) increased by 2.49% year-on-year at the end of February 2024.

In data provided to Kuwait News Agency (KUNA), CSB stated that Kuwait's inflation rate rose by 0.22% month-on-month in February compared to January 2024.

The annual inflation increase was attributed to rising prices in major categories affecting the CPI movement, particularly food, health, clothing, and education - with the exception of transportation.

Key sectoral increases included:

• Food and beverages: +5.23% year-on-year

• Tobacco: +0.07%

• Clothing: +4.63%

• Housing services: +0.90%

• Household furnishings: +3.04%

• Health: +4.08%

• Communications: +0.88%

• Recreation/culture: +2.48%

• Education: +0.71%

• Restaurants/hotels: +2.03%

• Miscellaneous goods/services: +5.46%

Transportation prices decreased by 1.19% year-on-year.

Excluding food and beverages, Kuwait's core inflation rose by 1.93% year-on-year and 0.15% month-on-month in February.