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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.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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