Middle East Economic Survey

VOL. LIII

No 35

30-Aug-2010

SAUDI ARABIA

Saudi Inflation Rises To 5.5% In June

In Saudi Arabia, inflation has re-entered the spotlight and the kingdom is now experiencing the highest rates in the Gulf region, touching 5.5% in June, according to a report published by Banque Saudi Fransi (BSF) on 21 August. Pressure on food prices could increase in the short term due to greater demand in Ramadan as well as short term external factors, such as higher global food costs...