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August inflation steady at 1.8 percent
The General Authority for Statistics announced that the annual inflation rate in the Kingdom remained stable at 1.8% during August 2026, marking the fourth consecutive month at this level. This was driven by a 3.9% increase in prices within the housing, water, electricity, gas, and other fuels sector, a 1.4% rise in food and beverage prices, and a 2% increase in transportation costs. Conversely, prices for furniture, household appliances, and home maintenance decreased by 0.6%, while clothing and footwear prices dropped by 0.5%. The housing sector significantly contributed to the inflation rate, adding 0.8 percentage points, followed by the food sector with 0.3 points. On a monthly basis, prices rose by 0.1% in August compared to July, primarily due to increases in the housing and fuel sectors.
Notice: This Is an AI-Generated Summary
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