Saudi Arabia inflation likely to remain steady in coming years | GulfNews.com

Saudi Arabia inflation likely to remain steady in coming years | GulfNews.com:

"Inflation in Saudi Arabia, the region’s largest economy, is likely to remain steady at around 3.5 per cent -4.0 per cent over the coming years, a study by London-based research firm Capital Economics shows.
“Saudi inflation has eased over the course of this year, in spite of fairly robust domestic demand. And looking ahead, we think price pressures are unlikely to become a major cause for concern. The fall in the headline rate appears to have been driven by easing core price pressures. Our measure of core inflation, which is our best attempt to strip out volatile food and energy prices, stood at 2.0% year-on-year in July, down from 3.1 per cent year on year at the start of the year,” said Capital Economics."

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