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FINANCIAL NEWS
Saudi Arabia inflation rate to reach 3.9 percent
25 Feb 2016
(MENAFN) Saudi consumer price enhanced to 4.3 percent yearly in Jan this year, as higher energy prices contributed to a notable increase in the housing and utilities.
Moreover, higher energy and transport costs for other business will lead to higher prices for consumer goods, which will make pressure on other components of the CPI basket.
In addition, it is predicted that higher prices will have negative effect on consumer spending, in the form of lower disposable income, which would cut any price pressures.
Accordingly, the kingdom’s estimate of core inflation, which excludes food and rent but involves transport, increased to its highest level reaching 3.7 percent.
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08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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