Saudi Arabia: Decline in inflation continues at the start of the year
February 12, 2015
In January, consumer prices were flat over the previous month. The print came in below the 0.08% increase registered in December and represented the weakest reading since January 2012. The monthly result reflected that a drop in prices for food and beverages, transport as well as for clothing was offset by higher prices in most of the remaining categories.
Annual inflation fell from 2.4% in December to 2.2% in January, which marked the lowest rate since June 2006. Annual average inflation inched down from 2.7% in December to 2.6% in January, which represented the lowest level since March 2007.