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Wednesday, November 11 - 2009

Inflation runs wild in Kuwait

  • Kuwait: Sunday, February 17 - 2008 at 09:26

Even as the government debates emergency measures to rein in spiraling inflation in the country, the prices of basic foodstuffs continue to surge in Kuwait, registering more than a 40 per cent rise in the last three months. As a result of the record inflation that hit an annual rate of 7.3 per cent in October, people in this oil-rich state find it hard to balance their monthly family budget, reported Kuwait Times.

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