KSA cost of living rises slightly in November

KSA cost of living rises slightly in November
Updated 14 December 2015

KSA cost of living rises slightly in November

KSA cost of living rises slightly in November

RIYADH: The cost of living in Saudi Arabia increased by 2.3 percent in November compared to the corresponding month in 2014, SPA reports.
The monthly report of the General Department of Statistics and Information attributed this to the rise witnessed by 11 main components of the index topped by education, which registered a rise of 5.4 percent, followed by clothing and footwear, which rose by 5.1 percent.
Housing, water, electricity, and gas and other fuels rose by 4.4 percent, followed by health by 2.5 percent, transportation by 2.3 percent, furnishing and equipment home and maintenance department by 2 percent, recreation and culture by 1.9 percent, and goods and services by 1.8 percent.
Tobacco rose by 1.5 percent, food and beverages by 0.8 percent, and communications by 0.6 percent.
In contrast, restaurants and hotels fell by 1.6 percent. The general cost of living index in the Kingdom rose slightly by 0.1 percent over November from the previous month.
The monthly report issued by the Department of Statistics and Information said that the general cost of living index in the Kingdom stood at 134.4 points in November 2014, up from 134.3 in the month of October 2015 and up from level 131.4 in November 2014, recording a rise on a monthly rate of 0.1 percent basis, and an increase on an annual basis rate of 2.3 percent.
The report attributed the monthly rise for the index to the highs witnessed by the six main components of this index, topped by clothing and footwear division by 1.1 percent, goods and miscellaneous services by 0.9 percent, furnishing and home equipment and maintenance by 0.5 percent, recreation and culture by 0.4 percent, health by 0.3 percent, and housing, water, electricity, gas and other fuels by 0.1 percent.
On the other hand, four components of the main index witnessed a decline — communications by 0.6 percent, transportation by 0.2 percent, food and beverages by 0.1 percent, and restaurants and hotels by 0.1 percent.
Education, however, remained at the previous level as it did not witness any change worth noting.