Riyadh – Mubasher: The general Wholesale Price Index (WPI) of Saudi Arabia recorded 121.4 points, up by around 4.3% year-on-year (YoY) in January from 116.4 points in the same month of 2019.

This rise in the Saudi WPI is driven by an increase in prices of four sectors topped by metal products, machinery, and equipment with 7.7%, while the remaining goods posted a growth of nearly 3.3%.

Month-on-month (MoM), Saudi Arabia’s WPI inched up by 0.2% in January 2020 when compared to December 2019, with the agriculture and fishery products registering the highest prices by 0.9% on a monthly basis.

It is noteworthy to mention that in December, the WPI jumped by around 3.7% YoY, compared with its level in December 2018 at 116.9 points.