«Home»: high frequency of annual inflation to 3.2% in October


9 12 2015
• 30% decline annually Kuwaiti exports to 9 million dinars
• 18 million dinars to support higher prices in September. And weak support in August
• For the second month in a row. Remarkable stability of prices of housing services
House report said Kuwait Finance «home» to the slowdown in the growth of the general index of consumer prices and cost of living «inflation» on a monthly basis to 0.07% in October 2015 compared to a growth rate of 0.15% in September, and still less than the average height of over 10 months ago and the increase of 0.21% , while the pace of relatively high annual increase to 3.2% compared to 2014 levels is through the last year that he had witnessed an annual rise of 3% in.
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This coincided with a slight monthly rise in October to the value of the dollar against the dinar to 303.1 fils by 0.3% compared to 302.1 fils to the dollar in September, which rose by less than 0.03% according to the exchange rate announced by the Central Bank of Kuwait data, while the dollar rose against the dinar on an annual basis by 5%, compared with an annual rise less than 2% in October from last year's record 282.950 fils to the dollar. In contrast, the euro was down price to 331 fils in October by 2.7% in exchange for a monthly flat at 399.9 fils, while its price fell on an annual basis in October 9.4% from last year, which had fallen to 386.8 fils at an annual rate of less and 5.6%.
Kuwaiti exports
The report said the Kuwaiti origin exports value saw a decline in October to $ 5.4 million dinars by 3.6% compared with 5.6 million dinars for exports in September which fell on a monthly basis by 4%, while the value of those exports fell to Arab countries to $ 3.7 million dinars in September by 2.6% from the value of September exports, which amounted to 3.8 million dinars, bringing the total Kuwaiti exports fell origin to the various countries of the world to 9.2 million dinars by 4% from 9.5 million dinars in September, and by a marked increase of 30% from its value in the last year .

Price levels

The report also pointed out that the Kuwaiti government has in the face of the rise in the inflation rate, regardless worth 18 million dinars in September support by twice as much as I've spent in August the $ 9.4 million dinars during the month of August 2015, as the exchange of which 11 million in September compared to about 4.8 million dinars in August disbursed to the group of basic food supplies and to milk and nutrients children, in addition to about 7.2 million dinars in September compared to 4.6 million dinars in August dismissed the basic construction materials that are produced, such as cement and bricks limestone and white also and iron, in addition to supporting air-conditioning during the month of August last according to data released by the Ministry of Commerce and Industry in October.

Rate of growth

The report pointed to higher price levels in the first main group in October, which includes goods and basic needs such as housing services, food and beverages, clothing and clothing by 0.3% on a monthly basis compared with a decline of 0.14% was seen in September despite the support that has been disbursed to the group of basic foodstuffs which It increased to constitute 61% in October compared to 51% of the total outgoing support in September.

While the rate of inflation for that group rose on an annual basis of 3.2% in October 2015 compared with a height that was 2.9% recorded in October last year.

This is due to monthly remarkable stability for the second consecutive month in the levels of housing services group in October prices compared to the months of similar stability for the same period last year, while increased on an annual basis prices of this group increased by 5.7% in October compared to last year which increased by less annual basis and of 4.4%, while food and beverage prices levels have stabilized significantly in October after falling 0.4% in September on a monthly basis, while more than 4.3% on last year, compared to an annual increase of 4.4% in September, higher than the growth Annual last year and of 2.6%, while the stabilized levels in clothing and clothing prices by less than 1% in October after stability in September, while calmed down the pace of annual decline to 0.6% in October after an annual decline of 2.1% in September compared to the annual growth in last year of 2.3%.

Furnishings Goods
The report noted a rise in the second main group prices, which includes home furnishings and miscellaneous goods and services increased by less than 0.1% in October after a monthly rise of 0.3% in September, while the levels of this group increased from last year by 1.9% in October, compared to an annual growth rate of 2 % in September, the lowest annual growth in the last year and of 2.7% in October 2014.
This is due to a slight monthly rise in the levels of home furnishings prices of less than 0.1% in October compared with a monthly 0.7% rate in September rising, while more than 2.5% on an annual basis in October compared to last year, which had been increased by the largest and reached 5 %, while the group miscellaneous goods and services prices improved in October by less than 0.1% after it fell for the third time in a row in September by 0.15%, but it settles its annual growth in October and September, recording 1.3% compared to last year, which had improved the prices by 0.2% on an annual basis.
He pointed out the house of the report of Kuwait Finance «home» to the slowdown in the growth of the general index of consumer prices and cost of living «inflation» on a monthly basis to 0.07% in October 2015 compared to a growth rate of 0.15% in September, and still less than the average height of over 10 months ago and the increase of 0.21% , while the pace of relatively high annual increase to 3.2% compared to 2014 levels is through the last year that he had witnessed an annual rise of 3% in.
This coincided with a slight monthly rise in October to the value of the dollar against the dinar to 303.1 fils by 0.3% compared to 302.1 fils to the dollar in September, which rose by less than 0.03% according to the exchange rate announced by the Central Bank of Kuwait data, while the dollar rose against the dinar on an annual basis by 5%, compared with an annual rise less than 2% in October from last year's record 282.950 fils to the dollar. In contrast, the euro was down price to 331 fils in October by 2.7% in exchange for a monthly flat at 399.9 fils, while its price fell on an annual basis in October 9.4% from last year, which had fallen to 386.8 fils at an annual rate of less and 5.6%.

Kuwaiti exports

The report said the Kuwaiti origin exports value saw a decline in October to $ 5.4 million dinars by 3.6% compared with 5.6 million dinars for exports in September which fell on a monthly basis by 4%, while the value of those exports fell to Arab countries to $ 3.7 million dinars in September by 2.6% from the value of September exports, which amounted to 3.8 million dinars, bringing the total Kuwaiti exports fell origin to the various countries of the world to 9.2 million dinars by 4% from 9.5 million dinars in September, and by a marked increase of 30% from its value in the last year .

Price levels

The report also pointed out that the Kuwaiti government has in the face of the rise in the inflation rate, regardless worth 18 million dinars in September support by twice as much as I've spent in August the $ 9.4 million dinars during the month of August 2015, as the exchange of which 11 million in September compared to about 4.8 million dinars in August disbursed to the group of basic food supplies and to milk and nutrients children, in addition to about 7.2 million dinars in September compared to 4.6 million dinars in August dismissed the basic construction materials that are produced, such as cement and bricks limestone and white also and iron, in addition to supporting air-conditioning during the month of August last according to data released by the Ministry of Commerce and Industry in October.

Rate of growth

The report pointed to higher price levels in the first main group in October, which includes goods and basic needs such as housing services, food and beverages, clothing and clothing by 0.3% on a monthly basis compared with a decline of 0.14% was seen in September despite the support that has been disbursed to the group of basic foodstuffs which It increased to constitute 61% in October compared to 51% of the total outgoing support in September.

While the high rate of inflation for that group on an annual basis of 3.2% in October 2015 compared with a height that was 2.9% recorded in October last year.
This is due to monthly remarkable stability for the second consecutive month in the levels of housing services group in October prices compared to the months of similar stability for the same period last year, while increased on an annual basis prices of this group increased by 5.7% in October compared to last year which increased by less annual basis and of 4.4%, while food and beverage prices levels have stabilized significantly in October after falling 0.4% in September on a monthly basis, while more than 4.3% on last year, compared to an annual increase of 4.4% in September, higher than the growth Annual last year and of 2.6%, while the stabilized levels in clothing and clothing prices by less than 1% in October after stability in September, while calmed down the pace of annual decline to 0.6% in October after an annual decline of 2.1% in September compared to the annual growth in last year of 2.3%.
Goods and furnishings
The report noted a rise in the second main group prices, which includes home furnishings and miscellaneous goods and services increased by less than 0.1% in October after a monthly rise of 0.3% in September, while the levels of this group increased from last year by 1.9% in October, compared to an annual growth rate of 2 % in September, the lowest annual growth in the last year and of 2.7% in October 2014.
This is due to a slight monthly rise in the levels of home furnishings prices of less than 0.1% in October compared with a monthly 0.7% rate in September rising, while more than 2.5% on an annual basis in October compared to last year, which had been increased by the largest and reached 5 %, while the group miscellaneous goods and services prices improved in October by less than 0.1% after it fell for the third time in a row in September by 0.15%, but it settles its annual growth in October and September, recording 1.3% compared to last year, which had improved the prices by 0.2% on an annual basis.
© Al Anba 2015

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