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Saudi Arabia Inflation October 2019

Saudi Arabia: Consumer prices post smallest drop in 10 months in October

Consumer prices rose 0.2% over the previous month in October, matching September’s result. The print mainly reflected that higher prices for housing and utilities were offset by lower transportation costs.

In October, consumer prices fell 0.3% in annual terms, above the 0.7% drop in September and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from September’s minus 0.6% to minus 0.8% in August.

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