Archive

Saudi Arabia CPI inflation 1.95% y-o-y in Aug-23

- Consumer price inflation in Saudi Arabia dropped to 1.95% year-on-year in August 2023, marking the lowest growth rate since February 2022.
- The August inflation rate is 0.87 percentage points below the one-year average, while remaining in line with the long-run average, suggesting a stable pricing environment in the country.

BRICS Without Straw

• Beijing’s domineering drive to enlarge the BRICS group as a counterweight to the G7 is rooted primarily in the CCP’s need to internationally promote its autocratic governance model. That aids the domestic justification while, paradoxically, Xi Jinping’s policies turn China increasingly inward.

By Alastair Newton