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Kuwait inflation rate hits 30-month high in September
October 29, 2014, 8:29 am
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Kuwait's inflation rate rose to 3.2 percent year-on-year in September, its highest level since April 2012, according to the Gulf state's Central Statistical Bureau.

Prices of food and beverages, which account for over 18 percent of the consumer price data basket, rose 2.7 percent on an annual basis and 0.8 percent from the previous month.

Housing costs, which account for nearly 29 percent of consumer expenses, rose 4.4 percent on an annual basis and 0.8 percent from the previous month.

Analysts polled by Reuters in September expected average inflation of 3.3 percent in 2014 and 3.6 percent in 2015, up from 2.7 percent in 2013.

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