Saudi Arabia Inflation April 2018

Saudi Arabia

Saudi Arabia: Inflation eases in April

May 28, 2018

Consumer prices fell 0.2% from the previous month in April, matching March’s decline. The decrease largely reflected lower prices for housing, water, electricity and gas; and clothing and footwear, which was partially offset by higher prices for hotels and resorts, and food and beverages.

Inflation eased to 2.6% in April from 2.8% in March. Meanwhile, the annual average variation in consumer prices rose from zero in March to 0.3% in April, the highest level in ten months.

FocusEconomics Consensus Forecast participants expect inflation to average 3.5% in 2018, which is down 0.1 percentage points from last month’s projection. The panel sees inflation averaging 2.5% in 2019.


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