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Saudi central bank governor: inflation in the kingdom is still within a reasonable rate

Saudi central bank governor: inflation in the kingdom is still within a reasonable rate

A picture taken on September 22, 2020 shows a Saudi national flag in the capital Riyadh. (Photo credit: AFP / FAYEZ NURELDINE)

Saudi Arabia's central bank governor, Fahad al-Mubarak, said in a conference Sunday that inflation in the kingdom is still within a reasonable rate. Saudi Arabia's consumer price index rose 3 percent in August from a year earlier, official data showed on Thursday, accelerating from a 2.7 percent increase in July.

Saudi Arabia's central bank governor, Fahad al-Mubarak, said in a conference Sunday that inflation in the kingdom is still within a reasonable rate. Saudi Arabia's consumer price index rose 3 percent in August from a year earlier, official data showed on Thursday, accelerating from a 2.7 percent increase in July.