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Saudi Arabia Inflation August 2018

Saudi Arabia: Inflation stabilizes in August

Consumer prices fell 0.2% over the previous month in August, contrasting July’s 0.1% rise. The decline was mainly due to lower prices for housing, water, electricity, gas and other fuels as well as for clothing and footwear and recreation and culture. August’s drop was partly offset by higher prices for restaurants and hotels.

In August, inflation was unchanged at July’s 2.2%. Meanwhile, the annual average variation in consumer prices increased from 1.0% in July to 1.3% in August, the highest level since March 2017.

Saudi Arabia Inflation Forecast

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