Inflation rips through MENA economies in 2022 ...Kuwait

The New Arab - News

Relentless inflation has struck economies in the Middle East and North Africa in 2022, leaving poor populations exposed and vulnerable to price shocks. Food prices across the region have spiked massively as global energy supplies respond to Russia’s invasion of Ukraine, and climate change continues to affect crop yields throughout the region. Lebanon has suffered the highest rate of inflation in the region this year: consumers have had to bear a 189% overall increase in the price of commodities since January. Inflation of consumer prices was also high in Egypt and Saudi Arabia - both reaching 10%, according to GlobalData. And while the World Bank has reported gro

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Last updated : 29 Dec 2022 clock 05:40 PM

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Inflation rips through MENA economies in 2022 ...Kuwait

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