PHOTO
March 22 (Reuters) - Saudi Arabia's Central Department of Statistics released the following February consumer price data on Wednesday, showing deflation easing.
In January, inflation had turned negative for the first time in over a decade.
NOTE. Food and beverage prices fell 3.4 percent from a year earlier in February, partly because of a strong U.S. dollar, to which the Saudi riyal is pegged.
Prices of housing and utilities rose 1.4 percent but transport costs decreased 2.7 percent.
(Reporting by Andrew Torchia; Editing by Alison Williams) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
In January, inflation had turned negative for the first time in over a decade.
| SAUDI CONSUMER INFLATION | 2/17 | 1/17 | 2/16 |
| pct change month/month | 0.3 | -0.2 | -0.1 |
| pct change year/year | -0.1 | -0.4 | 4.2 |
NOTE. Food and beverage prices fell 3.4 percent from a year earlier in February, partly because of a strong U.S. dollar, to which the Saudi riyal is pegged.
Prices of housing and utilities rose 1.4 percent but transport costs decreased 2.7 percent.
(Reporting by Andrew Torchia; Editing by Alison Williams) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
