Saudi Arabia's central bank expects inflationary pressures in the biggest Arab economy to continue decreasing in the fourth quarter of this year, it said in a report on Monday.
Spending usually increases during the annual Haj pilgrimage season, which ended last week, as nearly 3 million pilgrims flock to Mecca and Medina. But Saudi Arabia's annual inflation rate has been slowing gradually since peaking at 5.4 percent in February and March.
"The available data indicates...the expectation of a continuing slowdown in inflation levels during the fourth quarter of 2012," the report said.
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