Complex Made Simple

Kuwaiti inflation at 15 year high

Inflation in Kuwait hit 7.3% in the first nine months of the year, reported the KUNA quoting official statistics. The figure is a 15 year high and is largely due to an increase in the cost of products and services, most especially housing, education and healthcare. The Gulf state depegged its currency from the US dollar earlier this year in a bid to cool inflationary pressure.