Saudi consumer prices fall in April, fourth month in a row

Credit: REUTERS/FAISAL AL NASSER

Saudi Arabia's consumer prices fell in April from a year earlier, for the fourth month in a row, but the consumer price index (CPI) was unchanged compared to March, government data showed on Tuesday.

DUBAI, May 21 (Reuters) - Saudi Arabia's consumer prices fell in April from a year earlier, for the fourth month in a row, but the consumer price index (CPI) was unchanged compared to March, government data showed on Tuesday.

The CPI index for April fell 1.9 percent from a year earlier and was flat from March, data from the General Authority for Statistics showed.

The annual CPI decline has partly reflected the fading impact of last year's introduction of a value-added tax (VAT), economists have said.

(Reporting by Saeed Azhar)

((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))

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