The Saudi General Authority for Statistics reported that the annual inflation rate in the kingdom reached 1.6% in August.
This increase is largely due to an 8.9% rise in prices for housing, water, electricity, gas, and other fuels, along with a 0.9% increase in food and beverage prices.
Housing rents saw a significant jump of 10.7%, driven by a 10.8% increase in apartment rental prices.
Food and beverage prices were up by 0.9%, mainly due to a 4.6% rise in vegetable prices.
Additionally, restaurant and hotel prices increased by 1.6%.
Conversely, prices for furnishings and home equipment fell by 3.5%, clothing and footwear prices dropped by 3.2%, and transportation costs decreased by 3.4%, influenced by a 4.9% decline in vehicle purchase prices.