Saudi Arabia: Consumer prices decline for third consecutive month in March
Consumer prices fell 0.1% over the previous month in March, following February’s 0.2% decline. The drop was mainly due to lower prices for housing, water, electricity, gas and other fuels as well as for recreation and culture.
In March, consumer prices fell 2.1% in annual terms, up from the 2.2% drop in February. February’s print had represented the sharpest decline since April 1999. Meanwhile, the annual average variation in consumer prices declined from February’s 1.6% increase to a 1.2% rise in March.