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2026-09-16 21:20:09
[National Bank of the UAE: Saudi Arabia's Underlying Inflation Pressures are Moderate] ⑴ The National Bank of the UAE stated that Saudi Arabia's underlying inflation pressures are even more moderate than those indicated by the overall inflation rate. ⑵ The bank's 10% tailed mean inflation indicator fell to approximately 1.4% in August from about 1.6% in July. ⑶ Meanwhile, the month-on-month overall inflation rate slowed to approximately 0.1% from approximately 0.2% over the previous four months. ⑷ The bank noted that this divergence from the year-on-year overall inflation rate of approximately 1.8% suggests that price increases are concentrated in a few high-weighted components rather than reflecting general inflation. ⑸ Overall, the decline in underlying inflation indicators suggests limited underlying price pressures; future focus will be on the performance of a few weighted components and whether overall inflation can continue to slow.
