The consumer price index in Saudi Arabia (inflation rate) for January 2021 increased by 5.7% compared to the same month last year, and higher than the previous month in December 2020, which amounted to 5.3%, so that the inflation rate continues in the range Positive for the 13th consecutive month.
According to Arabiya Net, the Saudi General Authority for Statistics said in a report that the CPI index still reflects an increase in the value-added tax from 5% to 15%, and it began to be applied in July 2020, and this is due The increase led to an increase in food and beverage prices by 12.3%, and transportation prices by 9.6%.
The increase in the food and beverage division was affected by the rise in food prices by 12.6%, which in turn was affected by the increase in meat and poultry prices by 14.4%, and the prices of vegetables by 18.2%. / p>
The tobacco division increased by 12%, due to the 11.6% increase in cigarette prices.
On a monthly basis, the inflation rate increased by 0.2% in January 2021, compared to December 2020, and the monthly inflation index was affected by a 2% rise in the transportation department, which in turn was affected by the 5.5 increase in operating prices for personal transport equipment And the communications department rose by 1.6%, due to the increase in the prices of telephone and fax services by 2.3%.
The inflation rate scored 104 points in January 2021, compared to 103.77 points in December 2020, while it scored 98.37 points in January 2020.
