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...
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