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The Capital Economics research institution expected inflation to decline in Saudi Arabia to reach 1% on an annual basis by mid-2024. The institution said in a report that this trend will likely suffer a slight temporary bump in the second half of the year, but inflation will slow again entering into 2025. The London-based research institution expected annual inflation in the Kingdom to decline to 1.6% in December. On Monday, the Saudi General Authority for Statistics (GASTAT) is scheduled to release the December consumer price index (CPI).

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