Riyadh – Mubasher: Capital Economics said that the deflation in Saudi Arabia may not last for a longer time, after it posted a decline in June for the sixth month in a row.
The inflation is expected to post a positive trend in the coming six months, as the government privileges will boost the growth in the non-oil sector, according to a recent report.
A recent report by The General Authority for Statistics (GaStat) said that the consumer price index (CPI) in Saudi Arabia edged down by 0.4% in June 2017 compared to the same month in 2016.
Source:
Mubasher