Saudi inflation stable at 2.7% in April due to housing

Saudi inflation stable at 2.7% in April due to housing

Posted on May 29, 2023   |  

In April, Saudi Arabia's yearly inflation rate held at 2.7% and was unaffected from the previous month, driven by housing rental costs.

The overall cost of housing grew by 9.6% and apartment rents grew by 22.2%.

Consumer prices grew by 0.4% from March, and the food sector, milk, milk products, and eggs rose by 11%.