Thndr Claps » Saudi Claps » Economy 🏙 » Small increase in inflation ⬆️
The ClapThe inflation rate in KSA rose to 3.1% in September 2022.
The DeetsThe General Authority for Statistics indicated that the increase in inflation was due to the rise in food and beverage prices by 4.3%.
The housing, water, electricity, gas, and fuel prices also increased by 3.2%.
Biggest DriverAccording to the authority, the food and beverage industry has the most significant influence on the annual inflation increase due to its large weight in the consumer price index (CPI).
What this MeansIn general, inflation rates in KSA and the Gulf move within a relatively limited range despite huge leaps in the global and regional markets.
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