18 Hrs
الوطن
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الوطن

2026-11-11T00:21:00.000Z

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Saudi lowest in Gulf 1.9%

Saudi lowest in Gulf 1.9%

Saudi Arabia recorded the lowest inflation rate among GCC countries in September 2026, at 1.9% year on year, despite a 3.6% rise in prices for housing, water, electricity, gas and fuel, and a 3.5% increase in residential rents. By contrast, inflation reached 5% in the UAE—the highest in the Gulf—and 3.2% in Oman and Bahrain. The International Monetary Fund expects average inflation across the GCC to reach 2.7% in 2026, before easing to 2.4% in 2027. A report by Kamco Invest attributed price pressures to higher food and transport costs, as well as disruptions to supplies and trade.

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