Saudi Arabia: Inflation in April recedes slightly from March's multi-year high
May 24, 2016
In April, consumer prices rose 0.20% over the previous month, which followed the 0.22% increase tallied in March. April’s increase mainly reflected higher prices for tobacco, clothing and footwear as well as for health.
Inflation came in at 4.2% in April, which was a notch below March’s multi-year high of 4.3%. Inflation remains at high levels due to subsidy cuts in energy and some utilities prices, which were implemented early in the year. Annual average inflation in April rose from March’s 2.7% to 2.9%, the highest rate in nearly two years.