Saudi inflation may cross 10% in '08
Saudi Arabia: Wednesday, April 23 - 2008 at 12:17
Saudi Arabia's Central Bank Governor Hamad Saud Al-Sayyari said inflation in the kingdom could exceed 10% this year, which would be the highest level since at least the 1970s, reported Reuters. But inflation in the country may ease in the second half of this year, he added, as government inflation measures take effect and as global commodities demand slows.
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Jeff Florian, Senior ReporterWednesday, April 23 - 2008 at 12:17 UAE local time (GMT+4)
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