Saudi Arabia: Inflation rises as economy struggles

Saudi consumer prices increased by 6.2% year-on-year in August, a slight rise from 6.1% in July. It is the highest inflation level since 2011.The cause of the price rises included higher fuel prices charged by Saudi Aramco, a rise in the cost of phone services and the continued impact of the tripling of value-added tax (VAT) in July from 5% to 15%.