Kuwait City: Inflation in the nations of the Gulf Cooperation Council has increased at a moderate rate in comparison to other nations, according to credit rating firm Moody's. Kuwait is ranked third among the GCC nations in terms of growing inflation, which was measured at 4.5 percent on an annual basis until last May, according to the Moody's analysis. UAE's inflation rate is 5.7 percent, Qatar's is 5.4 percent, Oman's is 3.5 percent, Bahrain's is 2.9 percent, and Saudi Arabia's is 2.3 percent.
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