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Business, Economy

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

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Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi inflation rises to 1.8% in February

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
By TRENDS Desk
March 15, 2024 12:45 am
  • The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
  • Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

RIYADH, SAUDI ARABIA –   Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General Authority for Statistics (GASTAT). 

The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier. 

Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

The increase or decline in inflation is measured compared to the previous month.

The higher consumer price index (CPI) in February was mainly impacted by an 8.5 percent rise in housing, water, electricity, gas and other fuel prices.

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