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Economy, Energy

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Prices for utilities, fuels rise 9 percent in June in Saudi Arabia

Saudi Arabia’s annual inflation rate eased to 2.7 percent in June from 2.8 percent the previous month. (File photo)
By TRENDS Desk
July 16, 2023 9:56 pm
  • Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent.
  • Clothing, shoe prices fell 2.9 percent, communication costs were down by 0.7 percent.

RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent overall in June compared with the same month last year, government data showed on Sunday.

Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent, the Kingdom’s General Authority for Statistics data said.

On the other hand, prices for clothing and shoes fell 2.9 percent, communication costs were down by 0.7 percent and miscellaneous personal goods and services by 0.1 percent.

Saudi Arabia’s annual inflation rate eased to 2.7 percent in June from 2.8 percent the previous month, government data showed.

Inflation in Saudi Arabia has been on a downward trend since starting the year at a rate of 3.4 percent in January.

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