Saudi Arabia: Inflation increases in June
Latest reading: Inflation edged up to 2.3% in June, following May’s 2.2%. Looking at the details of the release, the pickup in inflation reflected milder declines in prices for clothing and footwear plus transport. Meanwhile, price pressures for food plus housing and utilities eased.
Accordingly, annual average inflation rose to 2.0% in June (May: 1.9%).
Finally, consumer prices increased 0.18% over the previous month in June, accelerating from the 0.07% increase seen in May.