Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

SAUDI ARABIA

Saudi Inflation Rate Falls In June

The annual inflation rate in Saudi Arabia fell to 5.2% in June from 5.5% in May after the rate of increase for rent and food prices eased, according to official statistics from the Saudi Ministry of Economy and Planning. This reduction in the rate does not mean a fall in prices, but a fall in the rate of increase of prices. But the cost of living index rose slightly in June to 121.5 from 121.3 in...