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FinancialNews


  • 22-05-13

    Saudi sets new food inflation record last month

    (MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7. On the other hand, the general inflation rate in the country was among the highest in the world. Prices increased 4 percent in April on yearly basis, compared with a growth of 3.9 percent in the January-March period, according to the Riyadh-based company. The report also shows that core inflation rate fell to 3.4 percent in the period on yearly basis, while it was 3.5 percent in the previous month.

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