Saudi Arabia: Inflation inches down in August
September 11, 2015
In August, consumer prices rose 0.38% over the previous month, which was slightly above the 0.30% increase registered in July. The monthly print mainly reflected higher prices for food and beverages, transport as well as for housing, water, electricity and gas.
Inflation came in at 2.1% in August, which was a notch below the 2.2% tallied in July. As a result of the declining trend observed since the end of 2014, inflation remains at historically low levels. Annual average inflation stabilized at July’s 2.3% in August, thereby remaining at the lowest rate since November 2006.