Prices of 140 Saudi goods, services rise in May

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Prices of 26 goods and services out of 166 decreased in Saudi Arabia year-on-year (YoY) in May, while prices of 140 rose, official data issued by the General Authority for Statistics (GASTAT) showed.

Starting from July 2020, Saudi Arabia began implementing a 15% value-added tax (VAT).

Out of the 91 food products, yogurt recorded the biggest rise by 17.31% YoY. It was followed by fresh sweetened milk with a 17.06% increase YoY.

On the other hand, local round Indian cardamom and Chinese garlic saw the steepest decline at 35.98% and 25.36% YoY, respectively.

Meanwhile, prices of all construction materials increased YoY in May.

Prices of 10 out of 11 fodder and livestock products increased in May on a YoY basis.

For clothes, all items under this category saw an increase.

Three out of four personal services saw a YoY rise.

Prices of all four detergents increased last month, compared to the same period previous year.

Elsewhere, prices of all three healthcare services were up in the same period.

Similarly, prices of both services under the maintenance and repair of personal means of transportation grew YoY last month.

Price of both hotel and apartment services rose on an annual basis in May.

Under tobacco, prices of Marlboro cigarettes grew by 8.50% per pack YoY.

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