Thank you for reading the news about IsDB, US EXIM Bank discuss trade financing avenues to fund development projects and now with the details
Jeddah - Yasmine El Tohamy - RIYADH: Qatar’s consumer price index experienced a monthly decline of 0.58 percent in August, reaching 106.25 points, according to the country’s Planning and Statistics Authority.
The data showed CPI decreased in six groups, rose in three and remained unchanged in three.
Among them, recreation and culture experienced a 3.37 percent drop in August compared to July.
The transport sector softened by 1.65 percent, and clothing and footwear fell 0.99 percent.
The housing and utilities sectors also declined by 0.79 percent, while miscellaneous goods and services dropped by 0.14 percent.
A similar trend was observed in the prices of restaurants and hotels, with a slight fall of 0.13 percent.
However, the food and beverages sector recorded an increase of 1.46 percent, followed by education, which rose by 1.62 percent. The furniture and household equipment sector grew by 0.11 percent.
In contrast, the tobacco, healthcare, and communication sectors showed no change compared to July.
Moreover, the country’s CPI witnessed a 2.38 percent surge compared to the same month last year.
On a year-on-year basis, communication costs in August surged 15.85 percent compared to the year-ago period, followed by a 7.91 percent rise in recreation and culture, 5.7 percent in education and 2.33 percent in furniture and household equipment.
Additionally, the transport sector saw a year-on-year price increase of 1.85 percent. The housing, water, electricity, other fuel, food and beverages, and health sectors saw price escalations.
Conversely, there were dips in restaurants and hotels by 4.59 percent in August compared to the same month last year. Clothing, footwear, miscellaneous goods, and services also saw yearly declines, while tobacco remained steady.
Kuwait CPI rose 0.15% in August
Kuwait recorded a 0.15 percent monthly increase in its CPI in August, mainly driven by a surge in food, education and clothing prices.
The inflation figure also saw a 3.82 percent increase in August compared to the same month last year.
According to data from the country’s Central Bureau of Statistics, food and beverages saw a 5.7 percent yearly increase in August, while the clothing sector saw a 6.97 percent surge.
These were the details of the news IsDB, US EXIM Bank discuss trade financing avenues to fund development projects for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
