Riyadh –  The Consumer Price Index (CPI) of Saudi Arabia continued its downward performance for the eleventh consecutive month in November on an annual basis.

The inflation rate declined by 0.2% in November, compared to the same period in 2018, according to a monthly report issued by Saudi Arabia’s General Authority for Statistics (GaStat) on Tuesday. The CPI reached 106.4 points at the end of November 2019, down from 106.5 points in October and the corresponding period in 2018.

The CPI retreated due to a decrease in some main sectors, including housing, water, electricity, gas, and fuel with 3.8%, followed by a 0.6% decline in clothing and footwear.

Meanwhile, month-on-month (MoM), Saudi Arabia’s inflation rate went down by 0.1% in November 2019.

It is worthy to mention that in October, the CPI fell 0.3%, compared to the same period in 2018

Source: Mubasher

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