Riyadh – Mubasher: Jadwa Investment expects the inflation rate in Saudi Arabia to average 1.7% during 2020, according to a recent report.
Last December, consumer prices in Saudi Arabia registered its first year-on-year (YoY) increase in 2019, rising by 0.2%.
The General Consumer Price Index (CPI) in Saudi Arabia recorded a monthly increase of 0.1% in December 2019 to 106.5 points, as shown by the data of the Saudi General Authority for Statistics (GaStat).
Meanwhile, the headline inflation rate for 2019 stood at 1.2%, matching previous forecasts.
