Imported inflation: Kuwait’s battle with rising cost of living - Times Kuwait

Imported inflation: Kuwait’s battle with rising cost of living - Times Kuwait

Over the past five years, the cost of living in Kuwait has climbed steadily, mirroring a global trend of rising prices across nearly all goods and services. Despite the absence of taxes on individuals or businesses and the continued provision of state subsidies for food, housing, health, and education, Kuwaiti consumers and residents are increasingly feeling the strain of inflation. Globally, few countries have escaped this wave of rising prices…