Saudi Arabia: Inflation inches up in May
June 11, 2015
In May, consumer prices rose 0.15% over the previous month, which halved the 0.30% increase registered in April. The monthly print mainly reflected higher prices for transport and communications, which were partially offset by a decline in prices for clothing and health.
Annual inflation came in at 2.1% in May, which was a tad above the 2.0% tallied in April. Despite the increase, inflation remains at historically low levels. Annual average inflation also decreased in May, falling from 2.5% in April to 2.4% in May, which marked the lowest rate since December 2006.