Kuwait May inflation climbs to 3pc y/y
Kuwait, July 6, 2013
The annual inflation in Kuwait climbed to 3 per cent in May from 2.8 per cent the previous month mainly due to a jump in food prices, said a report.
The food prices, which account for over 18 per cent of the basket, rose 6.3 per cent on an annual basis in May and 0.2 per cent from the previous month, said the KUNA news agency said citing the central statistics office.
The analysts polled by Reuters in April expected average inflation of 3.5 per cent in 2013, up from 3.3 per cent last year.-Reuters