Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s international reserve assets dropped 3 percent MoM to SAR1.59 trillion ($424 billion) in October, according to the Saudi Central Bank (SAMA). On a yearly basis, the Kingdom’s foreign reserve assets fell by 8 percent, or SAR143.1 billion ($38.2 billion).
- Saudi Arabia’s consumer price index fell to 1.6 percent in October from 1.7 percent in September. According to the General Authority for Statistics (GAStat), inflation fell due to a 0.8 percent dip in personal goods and services expenses in October.
