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Jadwa Investment lowers Saudi inflation forecast to 1.7% amid strong non-oil growth

Jadwa Investment lowers Saudi inflation forecast to 1.7% amid strong non-oil growth

  • Revision attributed to stable consumer price growth, with inflation increasing by only 1.6% in the first half of 2024
  • Jadwa said lower prices in clothing, footwear and transportation have mitigated inflationary pressures from housing market
By MANAL AL-BARAKATI ·

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