Saudi Arabia: Inflation returns in November
December 26, 2017
Consumer prices rose 0.1% from the previous month in November, contrasting October’s 0.2% decrease. The reading mainly reflected higher prices for communication, transport and furnishings, household equipment and maintenance.
On an annual basis, consumer prices rose for the first time in eleven months in November, increasing a mild 0.1% (October: -0.2% year-on-year). Meanwhile, the annual average variation in consumer prices continued to trend lower, falling from minus 0.1% in October to minus 0.3% in November, the lowest reading in over a decade.