RIYADH (Reuters) –     Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by an increase in housing rents. Rents for housing increased by 10.8% in November, with apartment rental prices increasing by 12.5%, the General Authority for Statistics said, pushing up prices for the combined housing, water, electricity, gas…

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Saudi Arabia’s inflation reaches 2% in November

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The annual inflation rate in Saudi Arabia reached 2.0% during November 2024 compared to November 2023. The General Authority for Statistics explained that this rate reflects a remarkable stability in prices compared to many countries, as it is considered among the lowest inflation rates in the G20. This annual increase in inflation is mainly attributed to the increase in the prices of the housing, water, electricity, gas and other fuels section,…

بلغ معدل التضخم السنوي في السعودية 2.0% خلال شهر نوفمبر 2024 مقارنة بشهر نوفمبر 2023. وأوضحت الهيئة العامة للإحصاء أن هذا المعدل يعكس استقرارًا ملحوظًا في الأسعار مقارنة بالعديد من الدول، إذ يعتبر من بين أدنى معدلات التضخم في مجموعة العشرين.ويُعزى هذا الارتفاع السنوي في التضخم بشكل رئيسي إلى زيادة أسعار قسم السكن والمياه والكهرباء والغاز وأنواع الوقود الأخرى، الذي ارتفعت أسعاره بنسبة 9.1%، نتيجة لزيادة مجموعة الإيجارات المدفوعة للسكن بنسبة 10.8%…

ضمن الأقل بين دول العشرين.. معدل التضخم بالسعودية يصل إلى 2% في نوفمبر 2024

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Among the lowest among the G20 countries.. Saudi Arabia’s inflation rate reaches 2% in November 2024

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Saudi Arabia's inflation reaches 2% in November

Riyadh: The annual inflation rate in the Kingdom of Saudi Arabia (KSA) increased to 2 percent in November this year, up from 1.9 percent in October. The Kingdom’s inflation rate accelerated for the fourth consecutive month, recording its highest level since July 2023. This rate reflects a remarkable stability in prices compared to many countries, as it is considered among the lowest inflation rates in the G20. Also ReadSaudi inflation at 1.9 pc …

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The Siasat Daily

Saudi inflation comes in at highest level since July 2023 in Nov

Riyadh December 15 2024: The annual inflation rate in the Kingdom reached 16 months high of 2.0 percent in November 2024, compared to November 2023, according to data released by General Authority for Statistics. This is primarily attributed to the rise in the prices of housing, water, electricity, gas, and other fuels by 9.1 percent, as well as the increase in the prices of personal goods and services by 2.7 percent. Meanwhile, the prices of tr…

AUGAF

Saudi Inflation Reaches 16-Month High in November Due to Surging Rent Costs

RIYADH (Reuters) – Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by an increase in housing rents. Rents for housing increased by 10.8% in November, with apartment rental prices increasing by 12.5%, the General Authority for Statistics said, pushing up prices for the combined housing, water, electricity, gas and…

Saudi Arabia’s inflation reaches 2% in November

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