Saudi Arabia's inflation in November edged up to 3.1 per cent year-on-year mainly because of higher food and housing costs, according to a report.
The prices of food and beverages rose 5.4 per cent year-on-year in November and
Saudi Arabia's annual inflation eased to 4.7 per cent in March thanks to a monthly dip in food prices, data showed on Wednesday, and analysts saw the biggest Arab economy keeping interest rates steady this year.
Inflation in the world&
Any increase in state spending will normally result in inflationary pressure, but will have a positive impact in the long term, Saudi Arabia's finance minister said on Saturday.
'If there is a large size of spending that exceeds th
Saudi Arabia's annual inflation rate slowed slightly to 5.4 per cent in December, as housing costs and food rose less than in the previous month, state news agency SPA said.
Annual inflation in the biggest Arab economy eased from 5.8pc in
Inflation in Saudi Arabia will likely remain above 5 per cent until the first half of 2011 due mainly to a chronic shortage in low- to medium-level housing, state-owned National Commercial Bank (NCB) said on Monday.
Consumer price growth i
Inflation in Saudi Arabia, as measured by the cost of living index, rose to 3.1 percent in June from 2.96 percent in May, according to figures from the Central Department of Statistics.
The department said the cost of living index reached