Food

Saudi consumer prices up 3% in August due to more food, transport

Saudi consumer prices up 3% in August due to more food, transport
ADVERTISEMENT

Muslim pilgrims wait to buy bread in Mecca, Saudi Arabia, July 5, 2022. REUTERS/Mohammed Salem

Register now for FREE unlimited access to Reuters.com

DUBAI, Sept. 15 (Reuters) – Saudi Arabia’s consumer price index rose 3% in August from a year earlier, official data showed on Thursday, from a pace of 2.7% in July.

ADVERTISEMENT

Food and drink prices and transport prices were again the main driver of inflation in August, both at 4%, the Statistical Authority said in a statement. Meat prices rose 6.7%, pushing up food and beverages, which make up 18.8% of the consumer package.

Prices rose 0.4% month-on-month in August, a fractional slowdown from the 0.5% month-on-month increase in July.

“The monthly CPI was impacted by the 0.8% increase in food and drink prices, mainly due to the 0.9% increase in food prices,” the statistics office said.

Register now for FREE unlimited access to Reuters.com

Reporting by Yousef Saba Editing by Raissa Kasolowsky

Our Standards: The Thomson Reuters Trust Principles.

ADVERTISEMENT1

Leave a Comment