Saudi inflation inches up 0.8% in October on higher fuel prices

Saudi Arabia's consumer price index increased by 0.8% in October from a year earlier and was 0.2% higher on the month, government data showed on Monday.

The annual increase was driven by higher prices for transport, which went up 6.4%, and food and beverages, up 1.4%, the General Authority for Statistics said.

Higher transport costs were mainly the result of a 47.9% annual increase in gasoline prices, it added.

 

Source: https://www.zawya.com/mena/en/economy/story/Saudi_inflation_inches_up_08_in_October_on_higher_fuel_prices-TR20211115nB8N2KY02HX3/

 

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