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Saudi CPI down 0.1% in January

Saudi CPI down 0.1% in January
CPI rose by 0.4% last month, compared to its level in January 2019

Riyadh – Mubasher: The general Consumer Price Index (CPI) in Saudi Arabia recorded a decrease of 0.1% in January 2020 compared to the previous month.

This is mainly attributed to an 0.6% decline in the prices of housing, water, electricity, gas and other fuels, while the clothing and footwear section and the communication section prices went down by 0.4% and 0.3%, respectively, compared to December 2019.

On an annual basis, the index saw an increase of 0.4% compared to its reading in January of last year, according to the General Authority for Statistics (GaStat).

Although the previously mentioned sections also recorded a decline on an annual basis, restaurants and hotels, and miscellaneous goods and services both increased by 3.2% and 3.1%, respectively.