Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

SAUDI ARABIA

Saudi Inflation Rises To 5.5% In June

Saudi Arabias inflation rate surged to a 13-month high of 5.5% in June as housing and food costs increased substantially from 5.4% in May, according to the latest Saudi statistics. Annual inflation in the kingdom started to rise again after slowing down to a 30-month low of 3.5% in October, but the rate is still below a record high of 11.1% recorded in July 2008. This slight jump in inflation...