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Saudi Annual Inflation Eases to 4.1 Pct in August - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Annual inflation in Saudi Arabia eased to 4.1 percent at the end of August after 4.2 percent in July, its lowest level in at least two years, state news agency SPA said late on Sunday.

The kingdom’s cost of living index was 122.7 points in August, the SPA said without giving a comparison figure for August last year.

Inflation rates have been declining rapidly in the largest Arab economy as commodity prices slumped and a stronger U.S. dollar helped reduce import costs for the major oil exporter, which pegs its riyal to the dollar.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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