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Saudi inflation up 0.1% in December

Saudi inflation up 0.1% in December
The CPI increased by 0.2% on an annual basis

Riyadh – Mubasher: The General Consumer Price Index (CPI) in Saudi Arabia recorded an increase of 0.1% in December 2019 to 106.5 points, compared to its reading in November 2019 at 106.4, as shown by data of the Saudi General Authority for Statistics (GaStat).

This was the result of an 0.6% increase in the food and beverages section, communication and transport groups also leveraged by 0.5% and 0.3%, respectively.

Meanwhile, the CPI increased by 0.2% compared to its level in December 2018 at 106.2, due to an upsurge in the restaurants and hotels section by 2.6%, a similar rise in miscellaneous goods and services, and 2.3% and 2.2% increases in education and food and beverages sections, respectively.

Meanwhile, the housing, water, electricity, gas, and other fuels section decreased by 3.7% on an annual basis, while clothing and footwear fell by 0.5%, and tobacco remained unchanged.