Saudi inflation steady at 1.8%
Inflation rate in Saudi Arabia remained steady at 1.8% year-on-year in July, marking the third consecutive month at the same level. There was a slowdown in the housing and electricity sectors, with rent increases decreasing to their lowest level in 45 months at 4.3%. Additionally, residential rents in Riyadh continued to decelerate for the eleventh month in a row, reaching 5.3%. This trend is supported by Saudi government measures aimed at stabilizing the real estate sector, including a rent increase freeze for five years starting from September 2025. This comes amid high demand for housing and a slowdown in construction supply, with forecasts suggesting that inflation will remain close to 2% in the coming years.
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