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Sun 18 Jan 2009 10:53 AM

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Kuwait's annual inflation dips below 11%

Latest gov't data shows gulf country's annual inflation eases to 10.81% in Sept.

Kuwait's annual inflation eased to 10.81 percent in September from 11.64 percent in August, government data showed on Sunday.

The All Items Consumer Price Index rose to 133.3 points at the end of Sept. after 120.3 points a year earlier, the data, obtained by Reuters, showed.

The central bank governor said earlier this month that inflation in Kuwait was stabilising and falling based on the latest data. He said on Saturday inflation had fallen to about 11 percent. (Reuters)

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