Saudi Arabia lowers inflation to 2.6%

April 17, 2014 9:05 am

Official figures indicate that Saudi Arabia’s March inflation has dropped to 2.6% from 2.8% in February, Reuters has reported. Housing rents jumped 4.5% from a year earlier in March, while the overall housing and utilities group increased 4.1%. Food and beverage prices rose 3.8%, data from the Central Department of Statistics showed.