Saudi Arabia’s inflation slows down to 1.9 per cent in December

Saudi Arabia’s annual inflation rate fell slightly to 1.9 per cent in December from 2 per cent in November, according to government data.

Inflation in Saudi Arabia has hovered between 1.5 per cent and 2 per cent for most of the year, with housing rents the main driver of price pressures.

Rents for housing increased by 10.6 per cent in December, with villa rental prices rising by 9.9 per cent,