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FOOD PRICES UP

Kuwait inflation eases to 2.5pc in Aug

Kuwait, September 28, 2013

Kuwait's inflation slowed to a 2.5 per cent year-on-year (y/y) in August, down from 3.1 per cent the previous year, according to the state news agency KUNA.

The prices of food and beverages, which account for over 18 per cent of the consumer basket, rose 5.2 per cent from a year earlier and 0.5 per cent month-on-month.

Analysts polled by Reuters in April predicted average inflation of 3.5 per cent in 2013, up from 3.3 per cent last year.-Reuters




Tags: inflation | Kuwait | Food |

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