The inflation rate in Saudi Arabia slowed during June 2024 to 1.5 percent compared to 1.6 percent last May, year-on-year, at its lowest level during the year.
Prices for the transport division fell by 2.7 percent, while the prices of housing, water, electricity, and fuels rose by 8.4 percent.
Actual housing rents increased by 10.1 percent in June 2024, impacted by a 7.9 percent increase in villa rental prices. The rise in this group had the greatest impact on the continuation of the annual inflation pace for June 2024.
Source (CNBC Arabia Website, Edited)
