Saudi Arabia’s inflation rate rose to 2.4 percent in October 2018, the latest figures from the General Authority for Statistics (GASTAT) showed.
The cost of living index leveled up to 106.8 points in October, compared to 104.3 points in the same month last year.
The GASTAT changed the base year for the consumer price index to 2013 from 2007 and adjusted the basket of goods and services.
|
Saudi Inflation Rate |
|
|
Month |
Inflation rate* |
|
January 2017 |
(0.6%) |
|
February |
(0.6%) |
|
March |
(0.7%) |
|
April |
(0.7%) |
|
May |
(0.8%) |
|
June |
(0.5%) |
|
July |
(0.8%) |
|
August |
(0.8%) |
|
September |
(0.8%) |
|
October |
(1.2%) |
|
November |
(1.7%) |
|
December |
(1.1%) |
|
January 2018 |
+3.0% |
|
February |
+2.9% |
|
March |
+2.8% |
|
April |
+2.5% |
|
May |
+2.3% |
|
June |
+2.1% |
|
July |
+2.2% |
|
August |
+2.2% |
|
September |
+2.1% |
|
October |
+2.4% |
*Updated for base year 2013
Prices of ten main groups in the Consumer Price Index (CPI) basket increased, led by transportation, which increased 11.5 percent in October.
Tobacco as well as Hotels and Restaurants also followed adding 10.2 percent and 8.7 percent respectively.
Meanwhile, Apparel and Footwear and Housing, Water, Electricity, Gas and Fuel retreated during October.
The following table shows the most important changes in the main groups in the CPI between October 2017 and 2018:
|
CPI YoY comparison (October 2018/2017) |
|
|
Main Groups |
Variation (%) |
|
Transportation |
+11.5% |
|
Tobacco |
+10.2% |
|
Hotels & Restaurants |
+8.7% |
|
Food & Beverages |
+7.3% |
|
Healthcare |
+4.0% |
|
Entertainment & Culture |
+3.2% |
|
Home Furniture & Maintenance |
+2.8% |
|
Telecommunications |
+1.4% |
|
Education |
+0.2% |
|
Goods & various services |
+0.1% |
|
Housing, Water, Electricity, Gas and Fuel |
(3.6%) |
|
Apparel & Footwear |
(5.0%) |
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