Inflation in Saudi Arabia recorded 2.3% in July on an annual basis

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%.

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