6.5 C
New York
Tuesday, October 15, 2024

Inflation in Saudi Arabia recorded 1.7% in September on an annual basis

Inflation in Saudi Arabia recorded 1.7% in September on an annual basis

According to data from the General Authority for Statistics, the housing, water, electricity, gas and other types of fuel sector increased by 9.3 percent, which was affected by the rise in housing rents by 11.2 percent in September. The rise in this sector had a significant impact on the continued pace of Inflation Annually, due to the sector’s weight in the index, which amounts to 25.5 percent.

Food and beverage prices increased 0.8 percent, and the restaurants and hotels division rose 1.7 percent, affected by a 1.5 percent increase in the prices of catering services.

The education department rose 1.6 percent.

On the other hand, transportation prices fell by 3.3 percent, benefiting from a 4.5 percent drop in vehicle purchase prices.

On a monthly basis, inflation rose 0.1 percent, affected by a 0.6 percent rise in housing, water, electricity, gas and other fuel prices.

Food and beverage prices increased 0.3 percent on a monthly basis compared to August, while transportation prices decreased 0.4 percent.



Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles