January 18, 2023

USD stabilizes at KD 0.305, Euro moves down to 0.329 – CBK

KUWAIT, The US dollar stabilized on Wednesday at KD 0.305, while the Euro went down to reach KD 0.329, compared to Thursday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin that the British sterling pound went up by 0.76 percent to r…

US producer price index down by 0.5 pct in December

WASHINGTON, The Producer Price Index for final demand declined 0.5 percent in December, seasonally adjusted, the Bureau of Labor Statistics (BLS) of the US Department of Labor reported on Wednesday. Final demand prices advanced 0.2 percent in November …

Inflation down in EU, euro area

BRUSSELS, European Union (EU) annual inflation was 10.4 percent in December, down from 11.1 percent in November.The euro area annual inflation rate was 9.2 percent in December, down from 10.1 percent in November.These figures were published Wednesday b…