Prices rose 0.3% month on month in December, compared with a 0.1% monthly rise in November, Saudi Arabia's General Authority for Statistics said.
The statistics authority said the rise was "as a result of the increase in actual rentals for housing by 1.1%." "The annual consumer price index for 2022 increased by 2.5% compared to 2021, mainly influenced by the rise in food and beverages prices by 3.7% and transport prices by 4.1%, due to their weight in the index," the General Authority for Statistics said in a separate report.
Source: Real Estate Daily Report (realestatedailyreport.net)
Oh, poor guys. The inflater gets inflated. A tiny bit.
Half that of the US. Guess they are getting some non USD payments for oil.
Sounds good compared to here. last year was 10 percent inflation and now about 7 percent on top of that. Thanks biden
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