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SAMA expects inflation pressure to ease in Q4
- Saudi Arabia: Wednesday, November 07 - 2012 at 04:05
The Saudi Arabian Monetary Agency (Sama) has said inflationary pressures in the biggest Arab economy will continue to fall in the fourth quarter of this year, Reuters has reported. "The available data indicates...the expectation of a continuing slowdown in inflation levels during the fourth quarter of 2012," Sama said in its report. Annual inflation for September slowed to 3.6% from 3.8% in August. "Local prices for products and services have witnessed a large decline in growth rates for the third quarter. There was also a decline in inflation in the renovation, rents, fuel and water category, and the transport and communications category, which is expected to continue through the fourth quarter of 2012," the report said.
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