Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

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

MENAFN - Khaleej Times - 06/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) 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 agency

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 prices
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 month

As Kuwait imports most of its food tems (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 prices


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, respectively

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

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 2013

MENAFN0601201400490000ID1093752111

 


Khaleej Times




  MENA News Headlines
 Jan 24 2017 - Ukraine to have huge participation in theAnnual Investment Meeting (AIM) in DubaiMENAFN Press
(MENAFN Press) Set to be held on April 2-4, 2017 at the Dubai World Trade Centre, the Annual Investment Meeting (AIM) expects a huge participation of Ukraine that is one of the Official Supporting ...

 Jan 24 2017 - Ahlibank posts profit of QR631.7mn in 2016Gulf Times
(MENAFN - Gulf Times) Ahlibank posted a net profit of QR631.7mn in 2016 even as the bank saw its balance sheet grow by 18.2% to QR38bn last year. Last year's net profit is only marginally lower than ...

 Jan 24 2017 - Etihad Airways chief Hogan to step downGulf Times
(MENAFN - Gulf Times) Abu Dhabi-based Etihad Airways said on Tuesday its chief executive officer James Hogan will step down in the second half of 2017 after leading the fast-growing Gulf carrier for ...

 Jan 24 2017 - Valuations conference hosted by Deloitte and Amwal Corp. attracts over 45 companiesMENAFN Press
(MENAFN Press) Deloitte in collaboration with Amwal Advisory Corp. hosted a 3-day conference in Dubai discussing investment portfolio management and valuations with one of the world’s leading ...

 Jan 24 2017 - The broad and diversified French offer at MEDLAB 2017 - 11 French companies at MEDLAB - A robust upstream attendance at ARAB HEALTH - 130 companiesMENAFN Press
(MENAFN Press) United Arab Emirates, January 24th, 2017 - 11 French companies will be exhibiting in an area of 144m² at the world's largest laboratory trade fair in Dubai on 6-9 February 2017. ...

 Jan 24 2017 - Chinese warships tour Gulf Arab states for first time in 7 yearsMENAFN
(MENAFN) Chinese warships have embarked on a tour of Gulf Arab states for the first time in six years as Beijing has signalled a desire to play a bigger role on the global stage.In detail, three ...

 Jan 24 2017 - Opel Astra snatches leadership from Renault LoganDaily News Egypt
(MENAFN - Daily News Egypt) Opel Astra managed to stay on the top of the list of sold European cars in Egypt during the first 11 months of 2016, as sold European cars together achieved sales of EGP ...

 Jan 24 2017 - UK backs Bahrain parliament as it halts reforms and support executionsMENAFN
(MENAFN) The British government is using a multi-million pound aid programme to fund Bahrain's parliament while the Gulf country bans opposition parties, reverses human rights reforms and carries out ...

 Jan 24 2017 - Iraq orders investigation into abuses reported in Mosul battleMENAFN
(MENAFN) Iraqi Prime Minister Haider al-Abadi on Monday ordered an investigation into allegations that members of Iraq's security forces and a Shia paramilitary group had kidnapped and abused ...

 Jan 24 2017 - Bahrain court hears Twitter 'evidence' against activistMENAFN
(MENAFN) The prosecution in a Bahraini court on Monday presented what it said was evidence against prominent rights activist Nabeel Rajab, accused of spreading "false information" about the kingdom, ...

more...


 





Google

 
 

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

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