Saudi Arabia: Inflation moderates in March
April 24, 2018
Consumer prices fell 0.2% from the previous month in March, contrasting February’s 0.1% increase. The decline largely reflected lower prices for food and beverages and housing, water, electricity and gas.
Inflation softened from 3.0% in the first two months of the year to 2.8% in March. January and February had represented the highest readings in over four years due to the introduction of a value-added tax. Meanwhile, the annual average variation in consumer prices rose from minus 0.3% in February to zero in March.
Author: Javier Colato, Economist