Mubasher: The inflation rate of Kuwait is expected to increase during 2019, according to a recent report by the National Bank of Kuwait (NBK).
Kuwait’s inflation is likely to rise within the range of 2% that can be controlled, the report said.
NBK says that the expected rise in Kuwait’s inflation is due to a projected deflation in the housing sector.
Kuwait is not expected to take any procedure to decrease subsidies in the coming financial year, NBK said, adding that the value-added tax (VAT) will not likely be implemented before 2021.
