The statements of the General Authority for Statistics in Saudi Arabia showed that the consumer price index for the month of October 2022 recorded a slight increase of 0. 2 percent, compared to the previous month (September 2022), as the monthly inflation index was affected by the increase in the housing, water, electricity, gas and other fuel section and other foods and food by 0. 9 percent, Which in turn was affected by the high rental prices for housing by 1. 1 percent.
The General Authority for Statistics in Saudi Arabia attributed the increase in annual inflation to the increase in food and beverage prices by 4. 4 percent, and the housing, water, electricity, gas and other fuel department increased by 3. 3 percent, and the transport department rose by 4. 4 percent, driven by the high purchase prices of vehicles by 5. 8 percent.
She explained that the Food and Beverages Department was affected by the increase in food prices by 4.
6 percent, which in turn was affected by the increase in meat and poultry prices by 6. 1 percent.
Last October, the statements of the Saudi Statistics Authority showed the growth of the Kingdom’s economy during the third quarter by 8. 6 percent on an annual basis, and the authority attributed the growth of GDP, to the growth of oil activities by 14. 5 percent on an annual basis and non -oil activities by 5. 6 percent..
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