Riyadh – Mubasher: The Consumer Price Index (CPI) in Saudi Arabia levelled up by 0.5% year-on-year (YoY) in June 2020, 1.1% below May’s reading.

The rise in CPI was mainly driven by higher average prices of food and beverages, and miscellaneous goods and services groups by 6.4% and 1.8%, respectively, according to data by the General Authority for Statistics (GaStat).

On the other hand, the transport segment average prices fell by 5.2% in June to become the main dampening factor of inflation.

On a monthly basis, the CPI inched down by 0.3% when compared to May 2020, largely attributed to a 0.7% drop in average prices of housing, water, electricity, gas and other fuels.