KUWAIT, Aug 11 (KUNA) -- General average of inflation in Kuwait might
increase by 2.5 percent this year and by 3.5 percent next year, Kuwait Finance
House (KFH) said Sunday.
In a monthly report about inflation in Kuwait, KFH said it planned to
reconsider projections for domectic inflation after the central statistics
department released amended inflation numbers based on 2007 figures.
The numbers released by the central statistics department showed that
consumer prices index grew by three percent last May year-over-year (YOY).
The new inflation calculation method, said KFH, has boosted importance and
influence of the housing sector, thus inflation would remain unchanged this
year. It, however, anticipated decline in food prices in the second half this
KFH, on the monetary policy, projected the major interest rates to remain
at two percent in 2013 and 2014 because interest rates in Kuwait were
generally following foot-steps of the US Federal Reserve's interest rates.
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