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Riyadh – Mubasher: The Saudi wholesale price index (WPI) showed a 2.1% yearly decline in June 2020, primarily ascribed to lower prices of refined petroleum products by 16.8%, given their weight in the index.
This decrease was offset by the increase in the prices of agriculture products and transport equipment groups by 8.9% and 5.1%, respectively, as shown by the data of the General Authority for Statistics (GaStat).
Other transportable goods category registered the largest drop in wholesale prices over the past 12 months through June after falling by 9.2%. Moreover, the prices of ores and minerals further slid by 4.1%.
However, wholesale prices of agricultural and fishery products group topped the risers with 10.8%, whilst the categories of metal products, machinery, and equipment, and food products, beverages, tobacco, and textiles rose by 1.8% and 2.1%, respectively.
Month-on-month (MoM), the WPI edged up by 0.1% in June, after falling in the past three months.
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