Saudi Arabia's Inflation Maintains Downward Trend in April

Published May 17th, 2017 - 07:36 GMT
Saudi Arabia's consumer price index (CPI) fell 0.8 percent in April showing a drop in consumer prices for the fourth month in a row. (File photo)
Saudi Arabia's consumer price index (CPI) fell 0.8 percent in April showing a drop in consumer prices for the fourth month in a row. (File photo)

Saudi Arabia’s inflation declined 0.6% year-on-year in April, according to Saudi Arabia's Central Department of Statistics.

The consumer price index (CPI) reached 136.8 points, compared to 137.6 points in the previous period, showing a drop in consumer prices year-on-year for the fourth month in a row.

Inflation went down 0.1% month-on-month in April.

Telecom prices rose 2.5% year-on-year in April, followed by education, and miscellaneous goods and services at 1.8% and 1.5%, respectively.

On the flipside, food and beverage prices fell 2.6%, followed by transportation and restaurants and hotels at 2.2% and 1.4%, respectively.

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