Prices of 143 Saudi commodities rise in June

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Prices of 23 goods and services out of 166 decreased in Saudi Arabia year-on-year (YoY) in June, while prices of 143 commodities rose, official data issued by the General Authority for Statistics (GASTAT) showed.

Starting from July 2020, Saudi Arabia tripled value-added tax (VAT) to 15%.

Out of the 91 food products, Al Arabi frying vegetable oil recorded the biggest rise by 19.68% YoY. It was followed by fresh local Rayeb milk with a 17.43% increase YoY.

On the other hand, Indian cardamom and local tomatoes saw the steepest decline YoY at 19.87% and 12.82%, respectively.

Meanwhile, prices of all construction materials increased YoY in June.

Prices of all 11 fodder and livestock products increased in June on a YoY basis.

For clothes, all items under the category saw an increase.

Three out four personal services saw a YoY rise in June.

Prices of all four detergents increased last month when compared to the same period previous year.

Elsewhere, prices of all three healthcare services were up in the same period.

Similarly, prices of both services under the maintenance and repair of personal means of transportation grew in June YoY.

Price of both hotel-and-apartment services rose on an annual basis in June.

Under tobacco, prices of Marlboro cigarettes grew by 8.46% per pack YoY.

For more data, visit Argaam Tools