Sama predicts inflation to drop below 3%

February 25, 2014 1:47 am

The Saudi Arabian Monetary Agency (Sama) has said the kingdom’s annual inflation rate is expected to drop further below 3% in the first quarter of this year, Reuters has reported. “The general inflation rate is expected to continue declining below 3% during the first quarter of 2014, in line with the fall of the inflationary pressures in the food and beverages group…” Sama said, citing commodity price index projections by the International Monetary Fund.