According to the Saudi Statistics Authority's data, the consumer price index (inflation rate), for March 2021, was 4.9%, compared to March 2020, while at least 5.2% in February 2021.
According to Arab Net, the Commission said it was noted that the consumer price index was still reflecting a value added tax increase from 5% to 15%, which began in July 2020.
The rise in annual inflation is due to increased food and beverage prices by 10.2% and transport prices by 10.5% during March 2021.
Food and drinks prices were affected by 10.2% influenced food prices, an increase of 12% meat and poultry prices and vegetable prices by 10.9%, and this section had a significant impact on high annual inflation.
The Transport Section has been affected by the high prices of vehicle purchase by 9.6%, and the tobacco department rose 13.1% influenced by 13.8%.
On a monthly basis, the consumer price index for March 2021 recorded relatively stable compared to February 2021, and decreased by 0.1%, affected by the decline in housing, water, electricity, gas and other fuels by 0.4%, which in turn was influenced by lower housing rates by 0.4%. >
The food and beverage department fell 0.2% influenced by low food prices by 0.2%.
Wholesale prices
The wholesale price index for March 2021, rose 8.7% compared to March 2020, on an annual basis, higher than the former February. Due to its dimension in the cursor.
