Saudi Arabia’s inflation rate has remained relatively stable over the past four months, reaching 2.7 per cent in March and April 2023.
The relative stability over the first four months of 2023, is thanks to the robustness of the Kingdom’s economy and the significant positive impact of the measures and actions taken to cope with rising inflation rates.
The Kingdom’s inflation rates maintain a reasonable level and balanced proportions compared to those in most of the world.
Saudi Inflation rate 2023
During April 2023, inflation rose slightly, to 2.7 per cent, over April of last year.
Economic experts and analysts emphasise that the reasonable and balanced inflation rates that are witnessed are part of the dynamic of this society’s economy and its ability to protect itself from potential crises, while unreasonable and unbalanced inflation is an indicator of economic stagnation or immense economic challenges in societies.
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