Saudi Arabia's Central Department of Statistics released the following May consumer price data, showing inflation continued to ease after jumping at the start of this year because of the imposition of value-added tax and a domestic fuel price hike.
NOTE. In January, the statistics agency changed the base year for the consumer price index to 2013 from 2007 and adjusted the basket of goods and services, giving housing and utilities a much bigger weighting.
Food and beverage prices increased 5.3 percent from a year earlier in May. Prices of housing and utilities fell 0.4 percent, while transport jumped 10.0 percent because of the gasoline price hike.