30 Oct 2011
(MENAFN) Saudi central bank said that the country’s inflation grew by 0.4 percent from August to September to reach 5.3 percent last month, due to a surge in prices of imported products, reported Arab News.
The bank added that inflationary pressures came from the groups of renovation and rent, and food and beverages.
It also said that in order to control inflation pressures, the central bank should tighten its monetary policy, which would affect the private sector and the acquired growth in that sector negatively, whereas the best solution is for the government to expand the industrial base and organize the real estate market.
It is worth noting that during the month, prices of the group of renovation and rents rose slightly by 0.6 percent, whereas prices in the group of personal goods increased notably by around 11 percent.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more