Saudi inflation at slowest rise since at least 2012

Analysts polled by Reuters in September expected average inflation in Saudi Arabia to slow to 3.0 percent in 2014. (File photo: Reuters)

Saudi Arabia's Central Department of Statistics released the following November consumer price data on Thursday, showing inflation at its lowest level since at least September 2012, when the current series began.

SAUDI CONSUMER INFLATION 11/14 10/14 11/13
pct change month/month 0.2 0.2 0.3
pct change year/year 2.5 2.6 3.1

NOTE. Prices of food and beverages rose 3.1 percent year-on-year in November and 0.2 percent from the previous month.

Housing and utility costs increased 2.7 percent on an annual basis and 0.1 percent month-on-month.

Analysts polled by Reuters in September expected average inflation in the world’s top crude oil exporter to slow to 3.0 percent in 2014 and accelerate again to 3.7 percent in 2015 from 3.5 percent in 2013.

The data are based on the 2007 consumer basket with the series beginning in Sept 2012.

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Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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