Saudi wholesale price index rises 15% YoY in July – GASTAT

Riyadh – Mubasher: Saudi Arabia's wholesale price index registered a 15.3% increase during July, compared to the corresponding month last year, the General Authority for Statistics’ (GASTAT) data showed on Wednesday.

The index growth was ascribed to imposing the value-added tax (VAT) and amending fuel prices as of January, GASTAT added.

Year-on-year, prices in other goods section surged 34.7% as prices of refined petroleum products and pulp and paper sections levelled up 93.9% and 9.4%, respectively.

Prices of ores and minerals section grew 9.5% after stones and sand prices went up 9.5%.

On a monthly basis, the Saudi body further noted that the GCC country’s whole price index remained unchanged at its level during June.

Month-on-month, prices in agriculture and fishery products section inched up 0.9%, while ores and minerals section prices rose 0.3%.

On the other hand, prices of metal products, machinery and equipment decreased by 0.1%, whereas prices in food products, beverages and tobacco and textiles section remained stable at its level during June.

Mubasher Contribution Time: 29-Aug-2018 09:10 (GMT)
Mubasher Last Update Time: 29-Aug-2018 09:19 (GMT)