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FINANCIAL NEWS
Saudi inflation to continue decelerating in Q4: CB
06 Nov 2012
(MENAFN) Saudi Arabia’s central bank stated that during the fourth quarter, the country’s inflation is expected to decline, reported Arabian Business.
The bank said that the Kingdom’s annual inflation level has been decelerating since it hit 5.4 percent in February and March.
It added that during the third quarter, prices for products and services fell notably, while inflation in the renovation, rents, fuel and water category, and the transport and communications category also posted decline.
It is worth noting that in September, Saudi annual inflation eased to 3.6 percent, compared with the 3.8 percent recorded in the previous month.
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