Saudi Arabia’s wholesale prices up 12% in September

The increase of the index last September was mainly due to 20.7% higher prices of other transportable goods

  
Saudi women push the shopping cart outside a supermarket during shopping before the expected increase of VAT to 15%, in Riyadh, Saudi Arabia June 29, 2020. Image for illustrative purposes.

Saudi women push the shopping cart outside a supermarket during shopping before the expected increase of VAT to 15%, in Riyadh, Saudi Arabia June 29, 2020. Image for illustrative purposes.

REUTERS/Ahmed Yosri

Riyadh –   Saudi Arabia’s wholesale price index rose by 11.9% in September this year, compared to the same month in 2020, according to official data on Thursday.

The increase of the index last September was mainly due to 20.7% higher prices of other transportable goods.

Chemicals prices were the highest during September with 92%, while refined petroleum products prices increased by 24.2%.

The wholesale prices meanwhile were up by 0.5% compared to August, according to the Saudi General Authority for Statistics (GaStat).

The monthly rise mainly resulted from higher other transportable goods prices by 0.6%, due to a 3.4% increase in the prices of basic chemicals.

GaStat also unveiled that Saudi Arabia’s consumer price index (CPI) was up 0.6% on an annual basis in September.

Source: Mubasher

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