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Inflation in KSA up 1.2% in February – GaStat

Inflation in KSA up 1.2% in February – GaStat
February saw the highest rise in inflation since the end of 2018

Riyadh – Mubasher: The Saudi Consumer Price Index (CPI) increased by 1.2% in February 2020 on a yearly basis, after rising by 0.4% in January, registering its highest level since December 2018.

The food and beverage and transport groups contributed the most to the increase in inflation, with their respective average prices rising by 3.4% and 3.7%, according to the data of Saudi Arabia’s General Authority for Statistics (GaStat).

On the other hand, the prices of housing, water, electricity, gas and other fuels declined by 0.7% last month.