Inflation in Saudi Arabia eases to 1.7% in September

Posted on October 20, 2023   |  

In September, Saudi Arabia saw its annual inflation rate ease to 1.7%, marking a decline from the 2% reported in August.

Notably, the cost of housing, water, electricity, gas, and other fuels registered an 8.1% increase on an annual basis and a 0.3% increase every month.

The most substantial contributor to the inflation increase in September was the surge in rental prices, which exhibited a notable 9.8% annual rise.

Contrarily, prices for transportation, communication, as well as items related to furnishing and home equipment saw annual declines of 0.1%, 1.2%, and 2.8%, respectively.