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FINANCIAL NEWS
Saudi inflation to further decline in Q2
21 May 2014
(MENAFN) Saudi Arabia’s inflation rate is expected to continue falling in the current quarter, said the Saudi Arabian Monetary Agency (SAMA), according to Arab News.
SAMA said: “Because of the constant decline in inflation rates in most of the major groups, notably the group of food and beverages, the Kingdom’s inflation rates is expected to continue their gradual decline during the second quarter of 2014.”
Consumer price growth in Saudi saw a gradual decline since hitting a peak of 4.0 percent in April 2013. It reached 2.7 percent in April compared to 2.6 percent in a month earlier.
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