Wednesday, 13 October 2010

SAMA chief says inflation not at worrying level - Arab News

Saudi Arabia’s inflation eased from an 18-month peak in September as consumer price growth slowed to 5.9 percent on an annual basis in September, from 6.1 percent in the previous month.

This puts inflation in the OPEC member at the top end of Gulf crude producers but still below record double-digit peaks seen in 2008.

Month-on-month, the cost of living rose 0.5 percent in September, the same pace seen in the previous month, although food price growth cooled from its August peak.

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