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June 15, 2023
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Saudi Arabia CPI inflation 2.77% y-o-y in May-23

- Saudi Arabia's CPI inflation rose to 2.77% year-on-year in May 2023, marking the highest growth since February 2023.
- While the current inflation rate is below the one-year average, it remains significantly above the long-run average, indicating sustained inflationary pressures.

June 05, 2023
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Saudi Arabia PMI 58.5 in May-23

- The Saudi Arabia PMI for May 2023 stood at 58.5, indicating a robust expansion in the non-oil private sector, although slightly lower than the previous month's reading of 59.6.
- Despite the slight decline, May's PMI remains well above the threshold of 50, signaling a healthy level of business activity and demonstrating the resilience of Saudi Arabia's non-oil private sector.

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