Saudi inflation slows to 4.1pc in August
Saudi Arabian inflation slowed to the lowest rate in two years…
September 15, 2009 12:01 by kippreport
Saudi Arabian inflation slowed to the lowest rate in two years in August – 4.1 percent – reported the Saudi Press Agency, citing the Central Department of Statistics. The rate is 7 percent lower than its record high of 11.1 percent in July 2008.
Saudi’s record inflation in 2008 was fuelled by the rising cost of oil, which peaked at $147.27 a barrel in July 2008. Oil is now trading at $68 a barrel.