Jadwa September 2012 Saudi Chartbook – Inflation
Jadwa Investment | Lucien Zeigler | 9.4.12
Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.”
Below is a snapshot of Saudi inflation figures. “Year-on-year inflation slowed to a 32-month low in July as rental and food inflation trended downward. Most other components of the cost of living index were little changed in year-on-year terms. Rising global food prices brings the prospect of higher food prices,” Jadwa notes.