Saudi inflation rises to 1.9% in September
The inflation rate in Saudi Arabia slightly increased to 1.9% year-on-year in September, up from 1.8% for four consecutive months. This acceleration was driven by higher transportation prices, which rose by 2.3% annually and are the third-largest contributor to the index. Conversely, the slowdown in the housing and electricity sector continued, with rental prices recording the lowest increase in 47 months at 3.5%, marking the twenty-second consecutive month of deceleration. As for the food and beverages sector, which holds the largest weight in the index, it remained steady at 1.4% year-on-year.
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