Middle East Economic Survey

VOL. LIII

No 33

16-Aug-2010

SAUDI ARABIA

Domestic Demand And Rising Rents Seen Driving High Saudi Inflation

After hitting a one-year high of 5.5% in June, inflation in Saudi Arabia is likely to remain high for the rest of 2010, in direct contradiction to global trends, Jadwa Investment said in a new report. The rising figures come as a result of rental pressures as well as high government spending, which have pushed up the prices of raw materials, and strong domestic...