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FINANCIAL NEWS
Saudi sets new food inflation record last month
22 May 2013
(MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7.
On the other hand, the general inflation rate in the country was among the highest in the world.
Prices increased 4 percent in April on yearly basis, compared with a growth of 3.9 percent in the January-March period, according to the Riyadh-based company.
The report also shows that core inflation rate fell to 3.4 percent in the period on yearly basis, while it was 3.5 percent in the previous month.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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
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