New data for inflation in Saudi Arabia


date of publication:15.12.2021 | 09:52 GMT |

Last updated:15.12.2021 | 09:56 GMT | Material uses

New data for inflation in Saudi Arabia

New data for inflation in Saudi Arabia

Reuters

expressive image

Follow RT onRT
RT

Government data showed today, Wednesday, that the consumer price index in Saudi Arabia rose 1.1% last November, compared to what it was a year ago, and that the increase from the previous month amounted to 0.2%.

The General Authority for Statistics said that the annual increase is primarily due to the increase in transportation prices, which increased by 5.7% due to the increase in gasoline prices by 47.9% on an annual basis.

The kingdom said in its 2022 budget that the inflation rate is expected to rise this year to an average of 3.3%, due to the fading of the main impact of the value-added tax tripling in July last year.

It also expected inflation to rise to 1.3% on average next year.

Source: Reuters

Follow RT onRT
RT


Source link
https://arabic.rt.com/business/1304554-%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%AA%D8%B6%D8%AE%D9%85-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/

These were the details of the news New data for inflation in Saudi Arabia for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at eg24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Australian media hits back as Facebook scraps news deals
NEXT Italy foreign minister urges ‘immediate ceasefire’ in Gaza

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]