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Saudi Arabia’s inflation grew to 1.6% in February, according to recent data by the General Authority for Statistics (GASTAT).
The cost-of-living index for February rose to 105.55 points, according to the base year 2018, compared to 103.87 points the year before.
|
Saudi Inflation Rate |
|
|
Month |
Inflation rate |
|
January 2020 |
0.7% |
|
February |
1.2% |
|
March |
1.5% |
|
April |
1.3% |
|
May |
1.1% |
|
June |
0.5% |
|
July |
6.1% |
|
August |
6.2% |
|
September |
5.7% |
|
October |
5.8% |
|
November |
5.8% |
|
December |
5.3% |
|
January 2021 |
5.7% |
|
February |
5.2% |
|
March |
4.9% |
|
April |
5.3% |
|
May |
5.7% |
|
June |
6.2% |
|
July |
0.4% |
|
August |
0.3% |
|
September |
0.6% |
|
October |
0.8% |
|
November |
1.1% |
|
December |
1.2% |
|
January 2022 |
1.2% |
|
February 2022 |
1.6% |
The increase in consumer price index (CPI) was mainly driven by a 4.3% year-on-year (YoY) rise in the average prices of transport, driven by 26.7% growth in gasoline prices.
Food and beverage prices also grew by 2.4% YoY, due to a 2.6% rise in food prices, which, in turn, were impacted by a 9.7% increase in vegetable prices.
Meanwhile, the housing, water, electricity, gas and other fuels sector declined by 0.2%, due to a 0.3% fall in housing rents.
The table below illustrates the change in the CPI comparison YoY in February:
|
CPI YoY Comparison – February 2021-2022 |
|
|
Main Groups |
Change (%) |
|
Education |
6.34% |
|
Transport |
4.32% |
|
Restaurants & Hotels |
2.44 % |
|
Food & Beverages |
2.36 % |
|
Personal Goods & Services |
2.18 % |
|
Recreation & Culture |
1.79 % |
|
Furnishing, Household Equipment and Maintenance |
1.27 % |
|
Communication |
0.17 % |
|
Healthcare |
(0.12%) |
|
Housing, Water, Electricity, Gas & Other Fuels |
(0.19%) |
|
Tobacco |
(0.21%) |
|
Clothing & Footwear |
(1.43%) |
The CPI reflects price changes of a fixed basket of goods and services that includes 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018.
Prices are collected through point of sale (POS) field visits.
|
Relative Importance of Major Sectors |
|
|
Expenditure Groups (2018) |
(%) |
|
General Index |
100.0% |
|
Housing, Water, Electricity, Gas & Other Fuels |
25.5% |
|
Food & Beverages |
18.78% |
|
Transport |
13.05% |
|
Personal Goods & Services |
12.57% |
|
Furnishing, Household Equipment and Maintenance |
6.74% |
|
Communication |
5.62% |
|
Restaurants & Hotels |
5.60% |
|
Clothes & Footwear |
4.20% |
|
Recreation & Culture |
3.06% |
|
Education |
2.87% |
|
Healthcare |
1.43% |
|
Tobacco |
0.60% |
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