Saudi Inflation Drops to 4.9 Percent in June
| July 10, 2012 – Saudi Arabia’s annual inflation rate dropped to 4.9 percent in June, the lowest rate since September 2011. Analysts credited lower global commodity prices and a weakening of the Euro relative to the Riyal for the drop. Opposite the general trend, Saudi inflation rates rose for housing (8.8 percent), food (4.7 percent), and clothing (2.9 percent). |