The Consumer Price Index (inflation rate) in Saudi Arabia increased by 5.8% last October, compared to the same month last year.
According to Arabiya Net, the General Authority for Statistics data showed an increase in the inflation rate by 0.1% last October, compared to 5.7% in September 2020.
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and the Authority stated in a statement that, taking into account the impact of increasing the value-added tax from 5% to 15% and starting to be applied early last July, the largest upward pressure came on Annual inflation rate due to the increase in food and beverage prices by 13%, as well as the rise in transport prices by 7%.
and the tobacco sector rose by 13.2%, affected by the rise in cigarette prices by 12.5%.
The increase in the food and beverage section by 13% on an annual basis, affected by the increase in food prices by 13.3%, affected by the increase in meat and poultry prices by 14.4%, and the prices of vegetables By 22.2%.
The monthly inflation index was affected by a 1.5% rise in the communications department, affected by the 1.9% rise in telephone and fax services.
