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Kuwait inflation slows in October: Emirates NBD Research
KUWAIT CITY, November 20, 2024
Headline CPI inflation in Kuwait slowed to 2.4% y/y in October, down from 2.8% the previous month, according to Emirates NBD Research.
This marked the slowest pace of annual price growth since September 2020. Food price pressures have been more salient in Kuwait than in the rest of the GCC, averaging 5.5% over the year-to-date as shipping disruptions have impacted supply chains, but this slowed to 5.0% in October, from 5.8% in September.
On the other hand, housing costs have not been rising at the elevated pace seen in Dubai and Saudi Arabia for instance, averaging 1.3% ytd.--TradeArabia News Service
