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FINANCIAL NEWS
Kuwait’s inflation slows to 2.8% in April
27 Jul 2010
(MENAFN) Kuwait, the world’s fourth largest oil exporter, posted annual inflation of 2.8 percent in April in line with levels since the start of the year as food and transport costs stayed steady, Reuters reported.
On the month, consumer prices in the Gulf country remained unchanged in April, following a 0.8 percent rise in the previous month, the data showed.
Housing prices, which have the largest weight of 27 percent in the overall basket, stayed flat month on month in April, after rising 1.4 percent in March. Food prices, which account for 18 percent of the basket, fell by 0.1 percent from the previous month, following a 0.8 percent rise in March.
Inflation in OPEC member Kuwait was at 2.9 percent year-on-year in March, after touching a three-and-half year low of 1.6 percent in November.
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12 May 2025
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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