Middle East & North Africa Economics

Middle East Data Response

25 July, 2018

Saudi Arabia Consumer Prices (Jun.)

Saudi inflation fell to 2.1% y/y in June as the effects of last year’s “sin” taxes faded and housing inflation fell deeper into negative territory. But there are signs that broader price pressures are picking up on the back of stronger economic growth. We expect inflation to edge higher over the rest of this year.

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