The Food and Beverage Department has recorded an increase of 8.4% affected by high food prices.
The annual inflation rate was 3.4% in 2020 and rose in the second half of the year after Saudi authorities raised VAT to three times to 15% to support cabinets The state affected by the Corona virus crisis and low oil prices.
In accordance with an initial government estimates issued earlier this month, the Kingdom's economy shrank 3.3% in the first quarter of the year compared to the same period a year ago, affected by oil production discounts, But the non-oil economy grew 3.3%, recovered from the pandemic effect.
"The International Monetary Fund (IMF) said this month that the Kingdom's economy is expected to grow, the largest in the Arab world, 2.1% in 2021 after contraction of 4.1% last year. / p>
