403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Kuwait inflation declines 3 percent in October
(MENAFN) The inflation in the consumer price index (CPI) eased slightly to 3 percent annually in October, as inflation in most components decreased, a report by the National Bank of Kuwait showed, KUNA reported.
"Core inflation eased slightly from 3.3 percent y/y in September to 3.1 percent y/y in October, as housing inflation remained unchanged and inflation in other major components decelerated," reads the report.
It confirmed that the food inflation witnessed a marginal slowdown in October and is expected to continue to ease in the coming months in line with lower international food inflation.
It added that a stronger dinar is also expected to be helping keep domestic inflation under control. Inflationary pressures appear modest and headline inflation is seen ending 2014 at an annual average of 3.0 percent.
"Core inflation eased slightly from 3.3 percent y/y in September to 3.1 percent y/y in October, as housing inflation remained unchanged and inflation in other major components decelerated," reads the report.
It confirmed that the food inflation witnessed a marginal slowdown in October and is expected to continue to ease in the coming months in line with lower international food inflation.
It added that a stronger dinar is also expected to be helping keep domestic inflation under control. Inflationary pressures appear modest and headline inflation is seen ending 2014 at an annual average of 3.0 percent.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment