3 Hrs
Source:
الاقتصادية
Saudi inflation stable at 1.8% for fourth month
The inflation rate in Saudi Arabia remained stable at 1.8% in July, the same level for the fourth consecutive month. The food and beverage sector slowed to 1.4%, while the impact of housing and electricity fell to its lowest level in 46 months at 3.9%. Additionally, transportation prices experienced their fastest increase in 30 months at 2%, despite inflation dropping to its lowest in 15 months at 1.66%. This decline is attributed to government policies and the reduction in rent increases following the housing balance measures that began at the end of March. The International Monetary Fund expects inflation to remain around 2% on average until the end of the year, with a gradual increase expected to 2% in 2025.
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