|19 November, 2019

Inflation down 0.3% in Saudi Arabia

CPI recorded 106.5 points last month, compared with 106.8 points in October 2018

Image used for illustrative purpose. close up of man hand analyzing stock market chart.

Image used for illustrative purpose. close up of man hand analyzing stock market chart.

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Inflation down 0.3% in Saudi Arabia

Riyadh – Mubasher: Consumer price index (CPI) in Saudi Arabia declined by 0.3% on an annual basis during October, maintaining its downward trend for the 10th consecutive month.

The CPI recorded 106.5 points last month, compared with 106.8 points in October 2018, and 106.3 points in September 2019, showing an 0.2% monthly increase, as shown by the Saudi General Authority for Statistics (GSTAT) monthly inflation data.

Inflation was affected by a number of sectors led by the 4.2% decline in the “housing, water, electricity, gas, and other fuels” group. Likewise, clothing and footwear decreased by 0.8%, while communication fell by 0.5%.

Source: Mubasher

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