Saudi inflation rate remains unchanged at 2.7% in April: GASTAT

RIYADH: Saudi Arabia’s inflation rate remained unchanged at 2.7 percent in April compared to March 2023, according to the latest report released by the General Authority for Statistics.   

However, on a year-on-year basis, the Kingdom’s inflation rate continues to rise in line with the global trend, which stood at 2.3 percent in April 2022.  

The Kingdom’s Consumer Price Index in April was driven by higher prices of housing, water, electricity, gas, and other fuels, the report noted.  

In March 2023, Saudi Arabia’s inflation rate had softened to 2.7 percent from 3 percent recorded in February.   

The inflation rate in the Kingdom was at 3.4 percent and 3.3 percent in January 2023 and December 2022, respectively.   

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