Arab Today, arab today nbk expects kuwait\s inflation rate to reach 35 in 2014
Last Updated : GMT 21:06:25
Arab Today, arab today
Arab Today, arab today

NBK expects Kuwait\'s inflation rate to reach 3.5% in 2014

Arab Today, arab today

Arab Today, arab today NBK expects Kuwait\'s inflation rate to reach 3.5% in 2014

Kuwait - KUNA

The National Bank of Kuwait (NBK) projected a remarkable surge in the inflation rate in Kuwait in 2014 amid growing pressure from soaring housing prices. "We expect inflation to average around 3.5 percent this year, up from the 2013 average rate of 2.7 percent," the NBK said in its weekly report, issued Tuesday. The report pointed out that inflation in the consumer price index (CPI) came in at 3.0 percent y/y in March, marginally higher than 2.9 percent in February. "Inflation has remained stable and range-bound between 2.5 percent and 3.0 percent for 12 consecutive months now. However, rising core pressures (especially in the housing sector) and a potential climb in food price inflation are expected to drive inflation higher this year. 'Core' inflation currently stands at 2.8 percent, just shy of the headline inflation rate," reads the report. The data also showed that the inflation in housing rent - the largest component of the CPI - accelerated to 4.5 percent y/y in March. "Changes in this component only appear once every three months. The jump in rent inflation from 3.6 percent in February likely reflects rising activity in the sector. The rent component was the biggest contributor to the change in headline y/y inflation in March, after education. It, however, disclosed that the food price inflation continued its descent in March, falling to 3.6 percent y/y, from 4.0 percent in February. "Food price inflation has been on a downward trend since hitting a peak of 6.3 percent y/y last May. This has helped keep headline inflation in check to some extent, against a backdrop of mounting pressure from the CPI's 'core' components." The NBK cautioned that the increased activity in the sector should keep the pressure on the housing rent component. "We may see 'core' inflation overtake headline inflation in the medium term as housing inflation continues to climb, ultimately pulling overall inflation higher," argued the report. "There may also be some upward pressure from the food component, given the recent trend in international food prices." Nevertheless, the NBK stated that the normalization in the CPI's other major components, furnishing and clothing, in the medium term, should help keep headline inflation at a manageable level

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbk expects kuwait\s inflation rate to reach 35 in 2014 Arab Today, arab today nbk expects kuwait\s inflation rate to reach 35 in 2014

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday