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FINANCIAL NEWS
Saudi’s inflation rate falls to 4.1 percent
20 Jun 2016
(MENAFN) Saudi Arabia’s inflation declined to 4.1 percent last month from 4.2 percent in April, whereas transports costs jumped to 11.3 percent from a year earlier.
Additionally, prices of housing and utilities jumped 7.7 percent, while food and beverage prices increased 0.3 percent.
Moreover, the increase was impacted by an upward trend in global food prices, with the IMF food price index posting its first year-on-year increase.
Accordingly, money supply continued to trend downwards in May, due to a larger negative contribution from demand deposits.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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