Saudi January Inflation Rises To 5.7%, Continuing To Reflect VAT Hike

Saudi Arabia’s inflation rose to 5.7% in January from 5.3% the month before, continuing a rise fuelled by a tripling of value – added tax last year, government data showed. The increase was mainly driven by higher food and transport prices, which increased by 12.6% and 9.6% respectively, the General Authority for Statistics said. Annual … More Saudi January Inflation Rises To 5.7%, Continuing To Reflect VAT Hike