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Inflation in Saudi Arabia leaps to 0.4 percent in July

By TRENDS Desk
August 15, 2021 10:02 am
  • CPI rise stemmed from higher prices in the transport sector
  • There was also an increase of 1.2 percent in food and beverages

 

Inflation in Saudi Arabia leaps to 0.4 percent in July

CPI rise stemmed from higher prices in the transport sector

There was also an increase of 1.2 percent in food and beverages

Owing to higher prices in the transport sector, Saudi Arabia’s consumer price index rose 0.4% in July from a year earlier and was up 0.2% month on month, government data showed on Sunday.

That compared with a rise of 6.2% in June, the last month affected by the increase in value added tax (VAT) in July last year, Saudi Arabia’s General Authority for Statistics said.

The July data showed the CPI rise stemmed from higher prices in the transport sector, which rose 7.8%, and a 1.2% rise in food and beverages.

 

 

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