Middle East Economic Survey
Kuwaiti Inflation Rate Will Average 3-4% In 2010, NBK Predicts
The National Bank of Kuwait (NBK) expects that consumer price index (CPI) inflation in Kuwait will stabilize near current levels at an average 3-4% for 2010. Following the high level of inflation of 10.6% in 2008, the rate eased to 4% in 2009, said the bank in its 5 May Economic Brief. On a year-on-year basis, December 2009 prices were up only 2.1%, after reaching a record...