Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s inflation remained steady at 1.6 percent in April for the second month in a row, driven by changes in housing prices. The Kingdom’s Consumer Price Index experienced a marginal increase of 0.3 percent in April compared to March.
- Saudi Arabia’s holdings in U.S. treasuries increased for the eighth consecutive month in March, reaching SAR510 billion ($135.9 billion), a rise of 3.66 percent MoM. The Kingdom ranked 17th among the largest investors in financial instruments in March.
