Kuwait inflation holds steady

28 July 2010

According to figures by Kuwait's central bank, the Gulf state posted annual inflation of 2.8% in April, in line with levels since the start of the year as food and transport costs remained steady, Reuters has reported. Food prices, which account for 18 percent of the basket, fell by 0.1% from the previous month, following a 0.8% rise in March, while transport prices, the third biggest component, rose 0.1% after remaining unchanged in March.

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