Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Inflation Rate in Kuwait Expected at 3.5% in 2014  Join our daily free Newsletter

MENAFN - Qatar News Agency - 07/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) A report by Kuwait Finance House (KFH-Reserach) predicted Sunday that the inflation rate in Kuwait is expected to be at 3.5% in 2014.



The report noted that the inflation rate in Kuwait increased to 2.6% in November on a monthly bases, while it dropped year over year (y-o-y), according to (KUNA) news agenc



Consumer prices in Kuwait moderated further to 2.6% y-o-y in November 2013, a tad lower than 2.7% y-o-y growth recorded in October 2013 due to lower food and beverages price



During the month, food costs continued to soften to 2.4% y-o-y, much lower than 3.5% y-o-y increase recorded in the previous mont



As Kuwait imports most of its food items (approximately 90.0% ) for domestic consumption, it is expected that food price inflation in Kuwait will remain low in the near term, in tandem with declining trends in international food price



In addition to food, Health care and the "miscellaneous goods and services" category also contributed to the decline in inflation, declining by 0.5% y-o-y and -1.2% y-o-y, respectivel



Despite the recent price moderation, accommodative monetary and loose fiscal policy should underpin domestic demand, driving price pressure



Recent credit data released by the Central Bank of Kuwait (CBK) indicate significant growth in private credit, up by 7.7% y-o-y in October 201




 


Qatar News Agency




  MENA News Headlines
 Jul 4 2015 - Chan hits winner as Rain or Shine levels series at 1 1Arab News
(MENAFN - Arab News) MANILA: You rarely hear Yeng Guiao talk this way. 'Only God can turn out a script write a story this way' Guiao said on Saturday night moments after his Rain or Shine crew ...

 Jul 4 2015 - Dixon shines as Highlanders storm to first Super Rugby titleArab News
(MENAFN - Arab News) WELLINGTON: Elliot Dixon scored one try and set up another for Waisake Naholo as the Otago Highlanders beat the Wellington Hurricanes 21-14 to claim a first Super Rugby title on ...

 Jul 4 2015 - Show of unity: Joint prayers held in Kuwait and BahrainArab News
(MENAFN - Arab News) KUWAIT CITY: Kuwait deployed unprecedented security measures around mosques for Friday prayers following last week's deadly bombing as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Daesh video shows mass execution in Syria's PalmyraArab News
(MENAFN - Arab News) BEIRUT Lebanon: The Daesh group on Saturday released a video showing several dozen Syrian government soldiers being executed by teenagers in the ancient amphitheater in the city ...

 Jul 4 2015 - 105 pilgrims rescuedArab News
(MENAFN - Arab News) RIYADH: The Civil Defense has rescued 105 pilgrims trapped in vehicles and buildings for various reasons since the start of Ramadan. During the first 10 days of the month it ...

 Jul 4 2015 - Sissi rallies troops after Daesh attacks in SinaiArab News
(MENAFN - Arab News) CAIRO: Egyptian President Abdel-Fattah el-Sissi traveled to the troubled northern part of the Sinai Peninsula to inspect troops on Saturday after Daesh-linked militants struck a ...

 Jul 4 2015 - Saudi equity market cap exceeds SR2 trillion in first halfArab News
(MENAFN - Arab News) JEDDAH: The Saudi stock market fell in the first half of this year. At the end of the first half 2015 Tadawul All-Share Index (TASI) closed at 9086.89 down 426.13 points or 4.48 ...

 Jul 4 2015 - Petrolimex and KPC end diesel term contractArab News
(MENAFN - Arab News) SINGAPORE: Vietnam's top fuel importer Petrolimex and Kuwait Petroleum Corp. (KPC) have ended their long-standing diesel term contract that dates back to the 1990s since imports ...

 Jul 4 2015 - Dubai airport passenger traffic up 23.2 percentArab News
(MENAFN - Arab News) DUBAI: Dubai International Airport recorded a 23.2 percent jump in passenger traffic in May reflecting runway maintenance a year earlier the operator of the world's busiest ...

 Jul 4 2015 - Bieber wows fans by climbing up a treeArab News
(MENAFN - Arab News) SYDNEY: Justin Bieber and Hailey Baldwin were spotted walking through Sydney's Olympic Park in Homebush recently. And it didn't take long for Bieber who was on his way to the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help