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...
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