|25 March, 2020

Saudi wholesale prices up 4.5% in February

The index increased by 0.2% on a monthly basis

Image used for illustrative purpose. Saudis shop at al-Badoo Souq in downtown Jeddah ahead of the Muslim holy month of Ramadan August 31, 2008.

Image used for illustrative purpose. Saudis shop at al-Badoo Souq in downtown Jeddah ahead of the Muslim holy month of Ramadan August 31, 2008.

REUTERS/Stringer

Riyadh –  The Wholesale Price Index (WPI) in Saudi Arabia recorded a 4.5% annual increase in February 2020.

The increase was mainly due to higher prices of metal products, machinery, and equipment by 6.8%, as well as a 4.9% rise in the prices of the agricultural and fishery products group, according to the data of the Saudi General Authority for Statistics (GaStat).

On the other hand, the WPI index increased by 0.2% compared to its level in January, on the back of a 1.6% rise in the prices of agricultural and fishery products.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From GCC