Saudi Arabia: Inflation picks up in June
July 9, 2015
In June, consumer prices rose 0.30% over the previous month, which doubled the 0.15% increase registered in May.
Annual inflation came in at 2.2% in June, which was a tad above the 2.1% tallied in May and marked a five-month high. Despite the increase, inflation remains at historically low levels. Annual average inflation stabilized in June, remaining at the previous month’s 2.4%, which marked the lowest rate since December 2006.