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Saudi inflation steady due to soft food prices  Join our daily free Newsletter

MENAFN - 03/02/2014

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(MENAFN) Inflation in Saudi Arabia went up in 2013, with an average of 3.6 percent in the year's first 10 months, Saudi Gazette reported.

Food price inflation is expected to remain contained, but residential rents could rise.

The steady economic expansion in the country and the softer food prices should hold the inflation rate between 3 and 4 percent.

The National Bank of Kuwait said in a report: "Growth in liquidity has eased somewhat in recent months. Annual growth in the broad money supply (M3) decelerated from a two-year high of 16 percent in May 2013 to 10 percent in October."

 






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