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2009 Annual Inflation Falls to 5 Percent in the Kingdom
January 31, 2010 – Inflation in Saudi Arabia fell to 5.06 percent in 2009 from 9.9 percent in 2008, according to the Central Department of Statistics. At its height, inflation stood at 11.1 percent in July 2008, yet has decreased rapidly as price increases have become more subdued. In December 2009, monthly inflation was 4.2 percent. The International Monetary Fund predicts that the Saudi economy will grow 4 percent in the coming year, with inflation also averaging about 4 percent.
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