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KSA inflation negative for second month in row

KSA inflation negative for second month in row
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Inflation levels in Saudi Arabia retreated 0.07% in February 2017, compared to the same month in 2016, remaining negative for the second month in a row, the General Authority for Statistics (GaStat) revealed in a statement.

The cost of living index reached 136.9 points by the end of February 2017, compared to 137 points in February 2016, the statements pointed out.

On the other side, the cost of living index in Saudi Arabia rose 0.29% last February compared to the previous month.

Inflation levels in the Kingdom turned negative last January for the first time in ten years.