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Sun 22 Feb 2009 11:19 AM

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Saudi inflation eases to 7.9% in Jan

Arab kingdom's cost of living index up at 120.5 points on Jan 31 versus 111.7 points a year earlier.

Annual inflation in Saudi Arabia fell to 7.9 percent in January from 9 percent in December, official data showed.

The Saudi cost of living index rose to 120.5 points on Jan. 31 compared with 111.7 points on the same day a year earlier, the kingdom's Central Department of Statistics said on its website.

Rents rose 20.3 percent while food and beverage costs climbed 8 percent, the data showed. (Reuters)

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