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Housing to boost Saudi inflation in Q1

Housing will help keep Saudi Arabia's inflation rising during the first quarter, but it will remain below 1.5%, the kingdom's central bank said in a report. Most of the inflationary pressures in the kingdom come from the renovation, home rent and fuel group, the report said. The home rents index rose 14.2% in 2009 up from an average 5.3% per year over the previous five years

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