Annual Inflation Rate in Saudi Arabia Falls to Three-Year Low
October 20, 2012 – Saudi Arabia’s annual inflation rate has fallen from 3.8 percent in the month of August to 3.6 percent in September, recording a three-year low in the annual inflation rate. As indicated by the Central Department of Statistics and Information, the low rate can be attributed to the lower rent prices in the Kingdom. Experts have pointed out that the falling inflation in the country will ease the notion of an overheating economy, which will encourage an increase in lending and consumer spending.
