Saudi Arabia: The decline in consumer prices continues in October
November 21, 2017
Consumer prices fell 0.2% from the previous month in October, contrasting September’s 0.1% increase. The reading mainly reflected a decline in prices for transport, furnishings, household equipment and maintenance as well as for food and beverages.
On an annual basis, consumer prices decreased for a tenth consecutive month in October. The consumer price index decreased 0.2% year-on-year in October, a notch below September’s 0.1% drop, which had marked the smallest fall since February. Meanwhile, the annual average variation in consumer prices continued to trend lower, swinging from 0.2% in September to minus 0.1% in October, the weakest reading in over a decade.