Saudi Arabia: Inflation hits a nearly one-year high in October
November 14, 2015
In October, consumer prices rose 0.30% over the previous month, which matched the result tallied in the previous month. The print mainly reflected much higher prices for education as well as a more moderate increase in clothing and recreation and culture.
Inflation came in at 2.4% in October, which was slightly above the 2.3% tallied in September. October’s print marked an 11-month high. Annual average inflation in October stabilized at the previous month’s 2.2%, thereby remaining at the lowest rate since November 2006.