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FinancialNews


  • 06-03-19

    Saudi inflation forecast to drop at 1.5 percent

    (MENAFN) Saudi Arabia is forecast to see a 0.5 percent decline in its consumer price inflation to stand at an average of 1.5 percent this year.

    FocusEconomics revealed in its report Saudi consumer prices to have hit 1.9 percent in January, marking a drop from 2.2 percent a month earlier.

    In its report, FocusEconomics explained that such a fall indicates the full absorption of the VAT introduced in January last year.

    It further added that "inflation is expected to return in the coming months, albeit at low levels," noting that inflation is projected at 2 percent in 2020.

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