Kuwait inflation hits 4-month high

22/04/2012 19:55 AST

Kuwait's annual inflation edged up to a four-month high of 4.1 per cent in March, helped by a jump in food prices, data from the Gulf Arab country's Central Statistics Office showed on Sunday.

Consumer price growth accelerated to 0.8 percent month-on-month in March from 0.2 per cent in February as food prices surged 2.6 per cent, the fastest rate in 15 months, the data showed.

Analysts have expected price growth in one of the world's biggest crude exporters to ease this year partly due to a global economic slowdown.

The OPEC member's economy is seen growing by 3.8 per cent this year after an estimated 4.5 per cent in 2011, when it was helped by robust crude prices and increased government spending.


Reuters

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