Saudi Arabia: Downward trend in inflation persists in October
November 22, 2016
Consumer prices declined 0.1% in October compared to the previous month, following the flat reading in September. October’s result mainly reflected lower prices for food and beverages, transport, health, and recreation and culture.
Inflation came in at 2.6% in October, which was below September’s 3.0%. The reading represented the lowest print so far this year. Annual average inflation remained stable for the second consecutive month at 3.5% in October, which represented the highest reading in nearly three years.