Saudi Arabia: Inflation stabilizes in July
August 13, 2015
In July, consumer prices rose 0.30% over the previous month, which matched the result registered in June. The monthly print mainly reflected higher prices for furnishing and households as well as for health.
Inflation came in at 2.2% in July, which was in line with the print tallied in June and, thus, remained at a five-month high. As a result of the declining trend observed since the end of 2014, inflation remains at historically low levels. Annual average inflation fell in July, falling from 2.4% in June to 2.3%, which marked the lowest rate since December 2006.