Kuwait: Inflation declines to lowest level since September 2020 in October
Latest reading: Inflation came in at 2.4% in October, down from September’s 2.8%. October’s result marked the weakest inflation rate since September 2020. The softer rise was largely driven by slower growth in prices for food and clothing. Moreover, prices for transport dropped at a faster pace.
In addition, the trend pointed down slightly, with annual average inflation coming in at 3.1% in October (September: 3.2%).
Finally, consumer prices rose 0.07% over the previous month in October, which was below the 0.15% rise logged in September. October’s result marked the weakest reading since July 2023.