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2025-09-15 15:32:07
Saudi Arabia's inflation rose to 2.3% in August. (1) Saudi Arabia's CPI rose 2.3% year-on-year in August, higher than the 2.1% in July and the market expectation of 2.2%. This was primarily due to a 5.8% increase in housing, water, electricity, and gas costs, and a faster rental growth rate of 7.6%. (2) Food and beverage prices, restaurant and accommodation prices, personal care products, and jewelry and watches prices rose by 1.1%, 3.0%, and 4.8%, respectively. Transportation and education services also saw accelerated growth. Only furniture and communications prices saw slightly wider declines. The CPI rose 0.1% month-on-month, the same as in July.
