inflation The annual rate in Saudi Arabia began slowing last October to 3%, for the first time since May, after peaking this year at 3.1% in September.
On a month-on-month basis, the inflation rate increased by a slight 0.1% in November compared to October, with residential rental prices rising by 1.6%, while the prices of food, drink, transport, entertainment and communications have decreased on a monthly basis.
And Saudi Finance Minister Muhammad Al-Jadaan had expected in previous statements that the inflation rate in the Kingdom during the current year would be between 2.1 and 2.3 percent.
And last October data from the General Authority for Statistics showed it Saudi ArabiaGrowth in the Kingdom’s economy during the third quarter increased by 8.6% year-on-year, and the authority attributed the growth in gross domestic product to oil business growth of 14.5% year-on-year and non-oil by 5.6%. percent.
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rate was inflation The annual rate in Saudi Arabia began slowing last October to 3%, for the first time since May, after peaking this year at 3.1% in September.
On a month-on-month basis, the inflation rate increased by a slight 0.1% in November compared to October, with residential rental prices rising by 1.6%, while the prices of food, drink, transport, entertainment and communications have decreased on a monthly basis.
And Saudi Finance Minister Muhammad Al-Jadaan had expected in previous statements that the inflation rate in the Kingdom during the current year would be between 2.1 and 2.3 percent.
And last October data from the General Authority for Statistics showed it Saudi ArabiaGrowth in the Kingdom’s economy during the third quarter increased by 8.6% year-on-year, and the authority attributed the growth in gross domestic product to oil business growth of 14.5% year-on-year and non-oil by 5.6%. percent.
