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FINANCIAL NEWS
Yemen’s inflation hit one-year high in August
18 Nov 2014
(MENAFN) Yemen’s annual inflation rate hit a one-year high of 10 percent in August, while the country’s reserves in the central bank fell further in September, Gulf Daily News reported.
The growth in the country’s inflation rate, which increased from 8.9 percent in July to 10 percent in August, is a negative sign for the country’s economy which has been struggling lately due to the country’s unstable political situation.
Meanwhile, food inflation accelerated to 7.2 percent in August compared to the corresponding month last year, and growing from 5.5 percent, which was registered in July.
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