Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

SAUDI ARABIA

Jadwa: Year-On-Year Saudi Inflation Contracts To 4.8% In August

Saudi Arabias year-on-year inflation eased to some 4.8% in August from 4.9% in July, due largely to a fall in food price inflation, Jadwa Investment revealed in its August Inflation Report. This, Jadwa noted, came as a result of the change to the base for the year-on-year comparison food prices in August 2010 were considerably higher than in July 2010. Yet,...