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FINANCIAL NEWS
Saudi inflation rate grows by 1.7pct
03 Feb 2017
(MENAFN) Saudi Arabia saw inflation grow by the slowest pace by 1.7 percent, against 2.3 percent Y-O-Y in November due to the fall in food prices.
Additionally, on a month-on-month basis, prices continued to decline with the index falling by 0.5 percent in Dec compared to November.
However, total value of POS transactions fell by 5.9 percent y-o-y in Dec 2016 compared to 3.0 percent in Nov 2016.
On the other hand, non-oil private sector PMI expanded to 55.5 in Dec 2016, against 55.0 in Nov, backed by an increase in output.
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