|20 November, 2019

Saudi wholesale price index up 3.3% in October

The WPI general index recorded 120.6 points last month, compared with 116.8 points in October 2018

A man checks his mobile phone next to a screen with Saudi Stock Exchange (Tadawul) prices in Riyadh, Saudi Arabia September 16, 2019. REUTERS/Stringer

A man checks his mobile phone next to a screen with Saudi Stock Exchange (Tadawul) prices in Riyadh, Saudi Arabia September 16, 2019. REUTERS/Stringer

Riyadh – Monthly wholesale price index (WPI) in Saudi Arabia increased by 3.25% on an annual basis during October, according to the General Authority for Statistics (GaStat) most recent data.

The WPI general index recorded 120.6 points last month, compared with 116.8 points in October 2018.

Despite a decline in agriculture and fishery products, as well as ores and minerals, and food products, beverages, tobacco, and textiles, the index rose due to increases in the metal products, machinery and equipment and other goods groups.

On a monthly basis, the index went up by 0.3% compared to its level in September at 120.2 points.

Source: Mubasher

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