Riyadh – Mubasher: The General Wholesale Price Index (WPI) in Saudi Arabia increased in December by 0.4% on a monthly basis, according to the General Authority for Statistics (GaStat).
The index recorded 121.2 last month compared with its reading in November at 120.7.
This was mostly driven by a 1.1% increase in the agriculture and fishery products section, and a similar rise in the food products, beverages, tobacco, and textiles section as the meat, fish, fruit, vegetables, oils and fats group prices added 5.6% compared with its level in the previous month.
On an annual basis, the wholesale price index went up by 3.7%, compared with its level in December 2018 at 116.9 points.
An 8% surge in metal products, machinery, and equipment section led the annual hike in wholesale prices, coupled with a 2% in the price of other goods and an 0.4% in agriculture and fishery products.
It is worth noting that recent data showed a rise in another inflation rate in Saudi Arabia during December, as the Consumer Price Index (CPI) went up by 0.1% on a monthly basis, and by 0.2% compared to its level in the same month in the year before.
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