The consumer price index (inflation) in Saudi Arabia reached 1.8 percent in February 2024, compared to the same month of 2023, continuing to rise for the second consecutive month. This is the highest level since last August at 2 percent.
The General Authority for Statistics attributed the increase to the increase in housing, water, electricity, gas, and other fuels by 8.5 percent and food and beverage prices by 1.3 percent.
Rental prices were the biggest influence on the increase in inflation during February, as actual rents for homes in Saudi Arabia increased by 10 percent, and were affected by the increase in villa rental prices by 9.1 percent.
Source (Al-Arabiya.net Website, Edited)
