Middle East & North Africa Economics

Middle East Data Response

25 May, 2016

Saudi Arabia Consumer Prices (Apr.)

Inflation in Saudi Arabia edged down last month, but it still remained elevated due to the energy and water tariff hikes earlier in the year, as well as the recent hike in tobacco import duties. These factors will keep the headline rate high this year. However, with mounting evidence that the economy is slowing sharply, we think underlying price pressures are likely to weaken in the coming quarters.


 

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