Saudi inflation rises to 1.8% in May
Inflation rates in Saudi Arabia rose to 1.8% in May on an annual basis, up from 1.6% in April, driven by increases in the prices of housing, transportation, and restaurants. The "Transportation" category saw a 1.5% rise, while the "Food and Beverages" group increased by 0.7%. Meanwhile, the growth rate for housing, water, and electricity prices slowed to 3.7%. The Ministry of Finance expects inflation to remain around 2% for the current year and to decrease to 1.8% in 2027.
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