(MENAFN) Saudi Arabia's inflation declined to 4.1 percent last month from 4.2 percent in April, whereas transports costs jumped to 11.3 percent from a year earlier.
Additionally, prices of housing and utilities jumped 7.7 percent, while food and beverage prices increased 0.3 percent.
Moreover, the increase was impacted by an upward trend in global food prices, with the IMF food price index posting its first year-on-year increase.
Accordingly, money supply continued to trend downwards in May, due to a larger negative contribution from demand deposits.
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