Mubasher: Average inflation rate in Kuwait is expected to decrease to 1.6% for 2017 down from 3.5% in 2016, according to a recent report by the National Bank of Kuwait (NBK).
Despite pressures on some services and commodities, this is expected to be balanced by a slowdown in residential rentals and food prices, NBK added in the note published on Tuesday.
The report noted that consumer price inflation bounced to a multi-month high of 1.4% in October, as inflation in the retail sector provided a healthy boost to the general index.
