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