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Saudi government expects inflation to hit 3.7pc after VAT hike
- The government expects inflation to hit 2.9pc in 2021, the document showed.
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DUBAI: Saudi Arabia's government expects inflation to reach 3.7pc in 2020, partially due to an increase in its value-added tax rate, it said in a preliminary budget statement on Wednesday.
The government expects inflation to hit 2.9pc in 2021, the document showed.