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KSA posts deflation for 6M in row

KSA posts deflation for 6M in row
The clothes basket retreated 3.5%

Riyadh – Mubasher: The consumer price index (CPI) in Saudi Arabia edged down by 0.4% in June 2017 compared to the same month in 2016, keeping the deflationary trend for the sixth month in a row.

On an annual basis, the Kingdom’s deflation went up 0.7% in June, compared to May, according to a recent official statement.

The clothes basket retreated 3.5%, while the restaurants and hotels segment lost 2.4%.

Meanwhile, the tobacco segment gained 74.4%, followed by the education basket which went up 1.8%.