Saudi Arabia's February inflation at 5.4%, 14 month high-continued

March 12, 2012--According to data from Saudi Arabia's Central Department of Statistics, the Kingdom's inflation increased to a 14-month high of 5.4% on an annual basis in February, mainly due to higher food and housing costs, state news agency SPA has reported.
On a monthly basis, consumer prices rose by 0.3% after a 0.1% rise in January, the data has shown.

Source: AME Info

Middle East ETP News
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