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الاقتصادية
Saudi housing rents hit 2022 low
Saudi Arabia experienced a slight increase in the inflation rate in May 2026, rising to 1.8% on an annual basis compared to 1.6% in April. Despite this, housing rent prices continued to decline, reaching their lowest levels since 2022 at 4.7%. Prices in the housing, water, electricity, and gas sector increased by 3.7%, while transportation costs rose by 1.5%. Additionally, the prices of restaurants and accommodation services grew by 1.7%. Meanwhile, the transportation group grew annually by 1.5%, whereas inflation rates declined in some cities, such as Jazan, which recorded 0.8%. The forecasts indicate that the inflation rate will stabilize at 2% this year and then decrease to 1.8% in 2027.
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