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Saudi Inflation at 4.9 Percent in April
May 17, 2010 – The Saudi inflation rate for the month of April rose to 4.9 percent, up from 4.7 percent in March. Although April’s inflation rate represents a 10-month high, analysts expect it to stay in the lower single-digits for the foreseeable future, far from the record 11.1 percent rate in July 2008. Concerns about food prices, as well as a continued increase in housing costs, were cited as the reason for the rise.
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