Middle East Economic Survey
Saudi Arabia To See 5.1% Average Inflation In 2009, BSF Says
Saudi Arabias inflation rate fell to 3.5% in October, down from 4.4% in September and its slowest pace since 2007, according to the Saudi Arabian Monetary Agency (SAMA). However, Banque Saudi Fransi (BSF) chief economist John Sfakianakis told MEESthat the bank still estimates that the Kingdom will see an average annual inflation rate of 5.1% in 2009. The estimates affirm...