Saudi inflation holds at 1.8% in August as housing and food costs climb
- Saudi Arabia's inflation remained steady at 1.8% in August, continuing for the fourth consecutive month.
- Key drivers of inflation included a 3.9% increase in housing costs, a 1.4% rise in food and beverage prices, and a 2% increase in transport costs.
- The Consumer Price Index increased by 0.1% from July to August.
- In comparison, inflation rates in Oman and Jordan were higher, at 3.4% and 2.66% respectively for the same month.
- Residential rent increases have been capped in Riyadh to help manage housing costs amidst rising inflation.
- The Wholesale Price Index decreased to 4.6% in August from 5% in July, primarily due to fluctuating transportable goods prices.
