73 Days
Source:
الاقتصادية
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Inflation in Saudi Arabia Remains Steady at 1.8% in June Amid Faster Food Prices and Rent Slowdown
Inflation in Saudi Arabia remained steady at 1.8% year-over-year in June, with the food and beverages sector rising to its highest level since October at 1.4%. Conversely, the slowdown in the housing and electricity sector continued, recording its slowest increase in 44 months at 4.4%. These changes occurred amidst government measures to improve balance in the real estate sector, including a five-year freeze on rent hikes in Riyadh, with projections indicating that inflation will stabilize around 2% until 2026.
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