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Saudi wholesale prices rise 0.6% in April

Saudi wholesale prices rise 0.6% in April
The wholesale price index declined by 1.8% MoM

Riyadh – Mubasher: The Saudi wholesale price index (WPI) inched up by 0.6% year-on-year (YoY) in April 2020, recording its lowest level in a year, according to the latest data by the General Authority for Statistics (GaStat).

The increase in the index is attributed to a rise in the prices of the general-purpose machinery, agricultural products, and animal products by 13.3%, 10.8%, and 30%, respectively.

Meanwhile, the prices of refined petroleum products decreased by 11.9%.

On a monthly basis, the wholesale price index declined by 1.8% in April 2020, when compared to March 2020, due to the lower prices of refined petroleum products.