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Business, Economy

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.

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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