Saudi inflation rises 2% YoY in July – GASTAT

Riyadh – Mubasher: Saudi Arabia's Consumer Price Index (CPI), known as inflation, has increased by 2.2% year-on-year in July, the General Authority for Statistics’ (GASTAT) report showed.

CPI’s growth was attributed to a 10.4% rise in transport section prices, followed by 9.8% in tobacco section, and 7.6% in restaurants and hotels section, the state-run statistics agency said.

On the other hand, prices of clothing and footwear section tumbled 8.3%, while prices fell 1.3% in housing, water, electricity, and gas and other fuels section.

On a monthly basis, the kingdom’s inflation inched up 0.1% to 107.5 points in July, from 107.4 points.

Month-on-month, prices in recreation and culture section rose 1% last month, followed by 0.9% growth in food and beverages section.

During the previous month, prices in health and education sections remained unchanged, whereas prices of housing, water, electricity, and gas and other fuels section edged down 0.5%.

Mubasher Contribution Time: 28-Aug-2018 08:40 (GMT)
Mubasher Last Update Time: 28-Aug-2018 08:46 (GMT)