Saudi Arabia: Inflation falls to nine-year low in February
March 12, 2015
In February, consumer prices were flat over the previous month, which matched the result registered in January. The monthly print mainly reflected that a drop in prices for food and beverages, recreation and culture as well as for transportation was offset by higher prices in most of the remaining categories.
Annual inflation inched down from 2.2% in January to 2.1% in February, which marked the lowest rate since February 2006. Annual average inflation stabilized at the previous month’s 2.6% in February, thereby remaining at the lowest rate since January 2007.