IslamicFinance.de

Sixty percent of Saudis save less than 10 percent of their monthly salary, according to a survey conducted by souqalmal.com. A recent report issued by Jadwa Investment confirmed that the Saudi consumer price index (CPI) inflation maintained the 3.9 percent year-on-year increase for the third consecutive month in March. According to the report, the main contributors to inflation are food and housing rent components. Financial experts have said Saudi families lack awareness on consumer consumption and financial management. Many reports confirm that Saudis are one of the highest spenders in the MENA region.