According to the Al-Iqtisadiah daily, the Saudi Arabian inflation rate rose 3. 1% annually in September compared to the same month last year and 0. 3% monthly.
Al-Iqtisadiah (a Saudi daily) stated that “inflation during the past month in Saudi Arabia is the highest since June 2021 of 6. 2%” in a report based on official comments monitored by the reporting section.
“According to the report, “inflation last month was mostly due to the high costs of food and beverages, the second department in the index, 4. 3%, as a result of the high food prices 4. 6% (meat and poultry increased 6. 5%, milk and eggs increased 14. 5%, and oils and fats decreased 12. 4%).”
Additionally, “the highest departments, housing and water, climbed by 3.2% as a result of the 3.6% increase in housing rental costs.”
The “The third department saw an increase in transportation prices, 3.
8%, due to the high cost of purchasing cars, 4. 6%, “based on the economy.
According to the publication, the elementary and pre-primary education prices increased by 10.1%, the high and medium education fees by 5.7%, and the cost of higher education by 9.3%.
The survey further said: “Due to the high rates of meal providing services (7. 6%), as well as the pricing of restaurants and cafes (8. %), the restaurant and hotel sector saw an increase of 7. 5%.
Conversely, the clothes and shoe section saw a 5% decline.
The report pointed out that “inflation last month is the 33rd increase in a row, as it rose 0. 7% in January 2020, 1. 2% in February, 1. 5% in March, 1. 3% in April, and 1. 1% in May, And 0. 5% in June, and in August rose 6. 2%, 5. 7% in September, 5. 8% in October and November, 5. 3% in December, then 5. 7% in January 2021, and 5. 2% in February, And 4. 9% in March, 5. 3% in April, 5. 7% in May, while 6. 2% rose in June, 0. 4% in July, 0.
3% in August of last year, 0.6% in September, and 0.8% in October. In addition, 1.1% will occur in November, 1.2% in December, 1.2% in January 2022, 1.6% will occur in February, 2% will occur in March, 2.3% will occur in April, and 22% will occur in May, 2.3% in June, and 2.7% will occur in July.
Economic is the source.
a publication that keeps track of Saudi Arabia’s excessive inflation
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