Saudi Arabia’s inflation holds steady at 1.6% in January: GASTAT 

Saudi Arabia’s inflation holds steady at 1.6% in January: GASTAT 

RIYADH: Saudi Arabia’s inflation remained stable at 1.6 percent in January, compared to 1.5 percent in December 2023, official data showed.  

According to the latest report from the General Authority for Statistics, the monthly consumer price index was primarily influenced by a 1.1 percent increase in prices for housing, water, electricity, gas, and other fuels.

This uptick was driven by a 1.2 percent rise in actual rents for housing.  

In January, expenses for food and beverages rose by 0.3 percent, while restaurant prices increased by 0.2 percent.   Saudi Arabia’s inflation holds steady at 1.6% in January: GASTAT