Saudi Arabia: Inflation rises in March
April 18, 2020
Consumer prices increased 0.1% over the previous month in March, following February’s 0.3% rise. The print mainly reflected higher prices for food and beverages, and clothing and footwear. On the other hand, prices for housing and utilities fell in the month.
In March, inflation increased to 1.5% from 1.2% in the month prior. Meanwhile, the annual average variation in consumer prices declined 1.0% in March, compared to the 1.4% decrease in February.
Author: Steven Burke, Economist