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Saudi Arabia. Inflation stabilized at 2.7% in April

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The authority attributed this to the rise in housing, water, electricity, gas and fuel prices by 8.1%. Food and beverage prices also rose 1.0%, the data showed.

Transport prices increased by 1.1%, following a 6% increase in transport services prices, and restaurant and hotel prices increased by 6.2%, affected by the increase in transport service prices. 6.1% restoration.

The Education Department recorded an increase of around 3%, after prices for pre-primary and primary education increased by 4.5%.

The Ministry of Entertainment and Culture recorded an increase of about 3.1%, after the prices of organized tourist trips increased by 12.6%.

On a monthly basis, the consumer price index (inflation) recorded a slight increase of 0.4% compared to last March, affected by a 0.5% increase in housing, water, electricity, gas and others.

The annual inflation rate in Saudi Arabia reached 2.7% last March, its lowest level in 8 months.

Inflation rates in Saudi Arabia are still among the lowest in the world, and the inflation rate in the Kingdom reached its peak in the last 12 months last January, when it registered an increase of 3, 4% on an annual basis, before its pace began to decline. drop in February.

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Arab Desk
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The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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