Saudi inflation rate up 0.3% in August

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Economic Indicators29 minutes agone (Sep 15, 2021 02:31AM ET)

Saudi ostentation  complaint   up   0.3% successful  August

DUBAI (Reuters) - Saudi Arabia's user terms scale roseate 0.3% successful August from a twelvemonth earlier and was 0.1% higher period connected month, authorities information showed connected Wednesday.

That was dependable from a emergence of 0.4% successful July, Saudi Arabia's General Authority for Statistics said. That compared with a emergence of 6.2% successful June, the past period affected by the tripling of worth added taxation (VAT) successful July past year.

The August information showed the CPI emergence was chiefly owed to higher prices successful the transport sector, which roseate 6.5%, and a 1.9% emergence successful nutrient and beverage prices.

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