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FINANCIAL NEWS
Saudi inflation rate slows in Dec, 2016
05 Feb 2017
(MENAFN) Saudi Arabia’s consumer inflation slowed in Dec last year, losing speed for the first time at least since 2012.
Accordingly, inflation in the cited month grew by 1.7 percent year-on-year against 2.3 percent Y-O-Y in November due to the fall in food prices.
Moreover, the whole value of point of sale transaction dropped 5.9 percent in Dec 2016 compared to 3 percent in Nov 2016.
However, real estate prices in the kingdom declined 6.1 percent last year, against a yearly fall of 2.6 percent in 2015.
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