CPI: cost of living falls slightly
The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable US dollar exchange rate, according to official data released by the National Institute of Statistics (NIS). Officials said the rate reflects the decline in the region and the stabilisation of local currency against the greenback. “We noticed that our inflationary rate has been pretty good in the last few months,” said Khin Song, deputy director general of the NIS. …
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