Saudi inflation falls 1.4% in June


Riyadh –   Saudi Arabia’s consumer price index (CPI), which is known as inflation, declined by 1.4% year-on-year in June, according to data released by the General Authority for Statistics (GASTAT).

The kingdom’s state-run statistics agency attributed the CPI drop in March to a 7.2% decrease in the prices of housing, water, electricity, and gas group, as well as a 0.7% reduction in telecommunication group.

On a monthly basis, Saudi inflation increased in June, compared to 0.2% in May, data showed on Tuesday.

Inflation rate retreated to 105.9 points last month, from 105.7 points in May.

Source: Mubasher

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