2007-08-02 - AME Info | Saudi Arabia | Latest News - Saudi's annual inflation is likely to average about 2.7% in 2007, its highest level in at least five years, according to a Citigroup report cited by Reuters. An increase in government spending on infrastructure is driving up construction costs, and rising prices could also force the government to cut prices on some commodities, the report said while adding that average inflation next year may fall to about 1.8%.  

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