(MENAFN) Kuwait's inflation rate, or Consumer Price Index (CPI), decreased to 3.3 percent year-on-year in May, down from 3.4 percent year-on-year in April, Kuwait Times reported.
The slight decrease is attributed to a slowdown across all the economic components, except healthcare and local foodstuff, which witnessed a gradual increase in inflation but remained fairly low.
Most CPI components kept almost the same prices or witnessed a relative slowdown such as the clothing and footwear inflation which decreased by 1 percent year-on-year in May.
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