Saudi Arabia: Consumer prices decline at softest pace in five months in May
June 19, 2019
Consumer prices rose 0.1% over the previous month in May, following April’s flat reading. The result mainly reflects higher prices for food and beverage, clothing and footwear as well as furnishing, household equipment and maintenance.
In May, consumer prices fell 1.5% in annual terms, above the 1.9% drop in April. Meanwhile, the annual average variation in consumer prices declined from April’s 0.8% increase to a 0.5% rise in May.