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FOOD PRICES UP

Kuwait inflation eases to 2.7pc in Oct

Kuwait, November 30, 2013

Kuwait's inflation eased to 2.7 per cent in October from 2.9 per cent last month despite a spurt in the prices of food and beverages, the state news agency Kuna reported.

The prices of food and beverages, which account for over 18 per cent of the basket, rose 3.5 per cent from a year earlier in October and gained 0.2 per cent from the previous month.

Analysts polled by Reuters in September expected average inflation of 3.4 per cent in 2013 and 4 per cent in 2014.-Reuters




Tags: inflation | Kuwait | Food |

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