FINANCIAL NEWS

Kuwait’s 2009 inflation slows to 4%

08 Apr 2010

(MENAFN) A report issued by Kuwait’s Central Statistics Department showed that the country’s consumer prices during 2009 rose by four percent compared to 10.6 percent in the previous year, Kuna reported.

Consuming prices reached a record 136 points last year, showed the figures, compared with 130.8 points in 2008.

Food prices rose by 2.3 percent and it increased by 9.3 percent for the beverages and tobacco, said the report.

Textile inflation swelled by 4.9 percent, while it was 5.1 percent for housing services, the report showed. Inflation of goods and house services jumped by 5.9 percent.

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