The inflation rate in the Kingdom of Saudi Arabia recorded 2.3% last July, compared to the same month of 2022, which is lower than June 2023, on an annual basis when it was 2.7%, according to data from the Saudi General Authority for Statistics.
This is due to the increase in the prices of housing, water, electricity, gas, and other fuels by 8.6%, and the prices of food and beverages by 1.4%.