Saudi Inflation Falls to 1.6 per Cent

Saudi Arabia saw a reduction in inflation in October when compared to the month before.

The consumer price index reached 1.6 per cent in October, less than in the previous month, September, when it had reached 1.7 per cent, showing that it achieved relative stability.

This stability reflects the strength of the national economy and the effectiveness of the economic procedures and measures that the Kingdom has adopted to confront the global rise in inflation rates.

The Consumer Price Index reflects changes in consumer prices for a fixed basket of goods and services consisting of 490 items.

The relevant prices are collected through visits to retail outlets.

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