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Wed 31 Dec 2008 04:55 PM

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Saudi inflation rate falls to 9.5% in Nov

Cost of living index of largest Arab economy also drops compared to Oct, according to latest official figures.

Annual inflation in Saudi Arabia eased to 9.5 percent in November from 10.35 percent in September, official data showed on Wednesday.

The cost of living index of the largest Arab economy was 119.9 points on Nov. 30 compared with 120.1 points in Oct. 31, according to figures carried by official Saudi Press Agency.

The agency, citing the Central Department of Statistics and Information, did not give annual inflation figures for October.

The finance ministry said earlier this month that inflation in 2008 was estimated at 9.2 percent. (Reuters)

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