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Saudi Arabia's Annual Inflation Softens to 1.7% in April

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Saudi Arabia's annual inflation rate came in at 1.7% in April, down from 1.8% in March, the country's General Authority for Statistics said Thursday.

The consensus estimate for the month was 1.8%.

On a monthly basis, consumer prices in Saudi Arabia were 0.2% higher, against a 0.3% uptick previously and the expected 0.4% gain.

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