Food prices push Saudi in­fla­tion down to year-low

Kuwait Times - - BUSINESS -

Saudi Ara­bia’s Cen­tral Depart­ment of Sta­tis­tics re­leased the following Novem­ber con­sumer price data yes­ter­day, show­ing in­fla­tion at its low­est level this year. Trans­port costs rose 7.7 per­cent from a year ear­lier in Novem­ber af­ter the gov­ern­ment in­creased gaso­line prices last De­cem­ber as an aus­ter­ity mea­sure. Prices of hous­ing and util­i­ties climbed 6.4 per­cent af­ter util­ity fees were raised in De­cem­ber, but food and bev­er­age prices fell 2.6 per­cent.

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