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Saudi inflation stable at 2.7% in April due to housing
Posted on May 29, 2023 |
In April, Saudi Arabia's yearly inflation rate held at 2.7% and was unaffected from the previous month, driven by housing rental costs.
The overall cost of housing grew by 9.6% and apartment rents grew by 22.2%.
Consumer prices grew by 0.4% from March, and the food sector, milk, milk products, and eggs rose by 11%.