Saudi Arabia: Inflation holds steady in July
Inflation held steady at June’s 1.5% in July. Lower price pressures for food were offset by higher price pressures for housing and utilities.
Annual average inflation fell to 1.6% in July (June: 1.7%).
Lastly, consumer prices increased 0.13% in July over the previous month, largely in line with the 0.14% increase seen in June. July’s result marked the weakest reading since March.