عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Inflation in Saudi Arabia Drops in March

The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023. Asharq Al-Awsat
The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023. Asharq Al-Awsat
TT
20
TT

Inflation in Saudi Arabia Drops in March

The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023. Asharq Al-Awsat
The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023. Asharq Al-Awsat

The inflation rate in the Kingdom remained relatively stable in the first quarter of 2023, reaching 3.4% in January, going down in February to 3%, and standing at 2.7% in March, achieving relative stability in the first quarter of 2023.

The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023 due to the robustness of the Saudi economy, the Saudi Press Agency reported Thursday.

Royal orders to stabilize energy prices have clearly contributed to the stability of the Kingdom's inflation rates, despite their high rates in several countries around the world, SPA said.

Most Viewed

 
Business

Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
TT
20
TT

Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."