Inflation report (June 2014): Surprise decline in food inflation

According to the Central Department of Statistics and Information (CDSI), Saudi Arabias inflation rate remained unchanged at 2.7 percent, year-on-year, for the third consecutive month in June. Food prices surprised with a decline of 0.2 percent month-on-month, though this segment still remain the second largest contributor to annual inflation, after rental and housing related services.