16 Hrs
Source:
الاقتصادية
Saudi May inflation rises to 1.8%
Inflation in Saudi Arabia saw a slight increase, reaching 1.8% in May from 1.6% in April. This was driven by rises in housing, water, electricity, and gas prices by 3.7%, transportation costs by 1.5%, and restaurant and accommodation services by 1.7%. The Ministry of Finance expects inflation to remain around 2% throughout the year, decreasing to 1.8% in 2027 before rising slightly to 1.9% in 2028.
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