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Saudi inflation to hover between 4% and 6% y-o-y in coming 12 months – MUFG
Saudi headline annual inflation rose from 0.5 percent year-on-year (y-o-y) in June to 6.1 percent y-o-y in July, the highest since 2011, due to the tripling of VAT from 5 percent to 15 percent since 1 July. Investment bank MUFG expects inflation to hover between 4 and 6 percent y-o-y…
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