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FINANCIAL NEWS
Kuwait’s inflation drops 2.6 percent in November
13 Jan 2014
(MENAFN) Kuwait’s consumer price index (CPI) has dropped 2.6 percent year-on-year in November compared to 2.7 percent in October, according to Gulf Daily News.
National Bank of Kuwait reported: “This small move masked some notable changes within the sub-components: another sharp fall in food price inflation was almost offset by a rise in ‘core’ price pressures. Going forward, we expect core pressures to continue to edge higher.”
The country’s overall inflation rate is still expected to average a modest 3 percent through 2014, compared to 2.6 percent in 2013.
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