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FINANCIAL NEWS
Kuwait’s inflation up to 3.5 percent in June
18 Aug 2015
(MENAFN) Kuwait’s inflation in consumer prices rose to 3.5 percent in June, though there were indications that pressures have eased in the last three months, official data released showed.
Price pressures also came from food inflation, which increased for the fourth consecutive month; however, continued weakness in international food prices suggests food inflation is expected to ease in the coming months.
The stronger dinar is also projected to limit any significant inflationary pressures. As average annual inflation in 2015 is seen to stay near 3.5 percent, as core CPI (ex-food) also steadies near 3.5 percent.
Inflation in food prices has been the largest source of overall inflation in the last three months, but remains relatively subdued. Food price inflation rose to 3.6 percent y/y in June, its most rapid pace in over a year.
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