Saudi inflation seen to continue easing in Q2

May 22, 2014 1:27 am

Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, has said the annual inflation rate is expected to continue easing gradually in the second quarter of this year, Reuters has reported. “Because of the constant decline in inflation rates in most of the major groups, notably the group of food and beverages, the kingdom’s inflation rates are expected to continue their gradual decline during the second quarter of 2014,” SAMA said in its quarterly inflation report.