Middle East Economic Survey

VOL. LIV

No 12

21-Mar-2011

KUWAIT

Kuwaiti Inflation Expected To Reach 5-6% In 2011

The head of the Central Bank of Kuwait (CBK) said on 12 March that the country is expected to post inflation figures of 5-6% this year, while interest rates remain at a suitable level. Kuwaits annual inflation was seen to ease to 5.2% in January, from an almost two-year high of 6% posted in December 2010 on account of price pressures led by rising food costs. We expect inflation in...