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FINANCIAL NEWS
Saudi’s inflation down to 2.2 percent in January
14 Feb 2015
(MENAFN) According to official data released by the Central Department of Statistics, Saudi Arabia’s inflation fell to 2.2 percent in January, Arab News reported.
The January consumer price data showed that inflation stood at its lowest level since at least September 2012, when the current data series began, the department said.
According to the NCB report said that the lowest annualized growth in the general cost of living index (CLI) of 2.4 percent in December, brought average inflation in 2014 to 2.7 percent.
Food and beverages, the largest category affecting consumer prices in the Kingdom, recorded a 2.6 percent upturn. In 2013, food prices soared by over 5.8 percent.
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