Bloomberg News

Saudi Arabian Inflation to Average 4.3% This Year, Al Rajhi Says

January 29, 2012

Jan. 29 (Bloomberg) -- Saudi Arabian inflation will average 4.3 percent this year as global commodity prices fall, Al Rajhi Capital, the investment arm of the country’s largest lender by market value, said today in an e-mailed report.

Consumer prices rose an annual 5.3 percent in December, the Saudi Press Agency reported on Jan. 14, citing data from the Central Department of Statistics.

--Editors: Louis Meixler, Shanthy Nambiar.

To contact the reporter on this story: Wael Mahdi in Khobar, Saudi Arabia at wmahdi@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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