Prices of 65 Saudi goods, services decline in May

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As many as 65 of the 169 goods and services in Saudi Arabia saw a year-on-year (YoY) decline in prices in May, 98 rose, while six others stabilized, according to data from the Saudi General Authority for Statistics (GASTAT).

The prices of local round onions recorded the largest rise, up 77% YoY last month, followed by imported round onions, which increased 58% YoY.

Conversely, local green bell peppers and local chili green pepper saw the steepest YoY drops of 18.56% and 12.82%, respectively.

In the construction materials category, prices of 22 materials jumped YoY in May, while 16 products declined during the same month.

Prices of eight livestock and fodder products rose YoY last month, while five others fell compared to the year-ago period.

In the clothing category, prices of seven items increased YoY, while three items decreased in May compared to a year earlier.

Prices of three miscellaneous personal goods and services climbed YoY in May, while one fell YoY during the same month.

All detergent product prices increased, compared to the same month the previous year.

In the health services category, prices of two services edged up on a yearly basis in May, while that of the third service fell YoY.

Elsewhere, prices of both services under the maintenance and repair of personal means of transportation rose YoY during the same month.

The price of two hotel and furnished apartment services rose on an annual basis in May.

Under the tobacco category, the price of Marlboro declined YoY last month.