Economy Country November 14, 2024

Saudi Arabia's Inflation Rate at 1.9% in October

Data released by the government shows that Saudi Arabia's annual inflation rate reached 1.9% in October. The consumer price index slightly rose by 0.3% compared to September, according to the General Authority for Statistics.


Saudi Arabia's Inflation Rate at 1.9% in October

According to published data by the Saudi Arabian government, year-on-year inflation stood at 1.9 percent in October. According to the 'General Authority for Statistics', the consumer price index increased in October by 0.3 percent compared to September. **Quote:** 'We see a sustained decrease in the rates of inflation on a yearly and monthly basis after the lifting of restrictions imposed in 2020 for combating the spread of COVID-19,' the report states.