FINANCIAL NEWS

Saudi inflation narrows in June

15 Jul 2014

(MENAFN) Food prices were the second highest rate in Saudi Arabia’s annual inflation in June after rental and housing related services, according to Arab News.

Jadwa Investment said: “Looking ahead, we expect inflation in the second half of the year to gradually increase compared with the first half.”

Saudi annual CPI inflation remained stable at 2.7 percent for the third consecutive month in June, Jadwa Investment said.

Food prices surprised with a drop of 0.2 percent month-on-month, stated the Jadwa report titled “Inflation Update – June 2014.

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