2023-12-15 18:06:43
Slight increase in inflation in Saudi Arabia. The increase was recorded in the figures ending in November. Inflation rose to 1.7 percent in November. However, the country’s inflation rate is at a two-year low.
The General Authority for Statistics or Gstat has revealed that inflation in the country has recorded a slight increase in the economic review report that ended in November. Inflation rose to 1.7 percent in November. The increase was 1.6 in October. But the inflation rate is the lowest recorded in two years.
The increase in the prices of commodities like house rent, water, electricity, food, beverages and gas led to the increase in the inflation rate. House rents increased by 9 to 12 percent, prices of milk, milk products and eggs increased. The price of food and beverages also increased by 1.4 percent. But the report also says that the price of fashion footwear products has recorded a fall of up to 4 percent.
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