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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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Amena Bakr, Senior ReporterSunday, February 17 - 2008 at 09:26 UAE local time (GMT+4)
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