Kuwait: Inflation jumps to 11.35%

Kuwait's inflation rate rose to 11.35% in June from 11.1% in May on increases in the cost of housing and food, reported Bloomberg citing an interview with a government official. The inflation rate on food rose to 14.2% in June from 10.8% a month earlier, while housing costs gained an annual 13.1%, compared to 14.9% in May.

Published by Mike Hitchen, Mike Hitchen Consulting