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Email this article: Kuwait inflation slows to 25-month low of 2.8%
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Posted: Thu June 28, 2012 11:42 am
KUWAIT. Kuwait's annual inflation rate eased to 2.8% in May and prices edged down slightly from the previous month, mainly because of cheaper food, state news agency KUNA reported.
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UAE. Business conditions improved at the strongest rate in six months, driven by sharper expansions in output and new orders. Marked growth of new work resulted in greater pressure on operating capacity, however, as backlogs of work rose at the quickest pace since the survey began in August 2009.
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