Middle East Economic Survey
VOL. LIII
No 48
29-Nov-2010
SAUDI ARABIA
Saudi Inflationary Pressures Expected To Ease in 4Q10, Says SAMA
Inflation in Saudi Arabia may continue to ease in the final quarter of 2010 as the cost of housing falls as a result of increased supply, the Saudi Arabian Monetary Agency (SAMA) said on 22 November. Driven mainly by escalating food and housing costs, inflation in the kingdom has overshot analysts predictions for the year, hitting an 18-month high of 6.1% in...
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