The inflation rate in the Kingdom of Saudi Arabia in June last year was 2.7% compared to the same month in 2022, and in June 2023 it increased by 0.2% compared to May 2023, according to the Saudi General Statistics Office .

The increase occurred on an annualized basis with a 1% increase in the index in the food and beverage section, a 9.1% increase in the housing, water and electricity section, in addition to a 1.6% increase in the transport section.

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Inflation in Saudi Arabia continues to rise for the second month in a row after 3 consecutive months of slowdown.

The inflation rate in Saudi Arabia increased year on year to 2.8% in May 2023, which is also higher than in April 2023, which was 2.7%.

At the same time, data from the Main Department of Statistics showed that the wholesale price index decreased by 1.3% in June last year on an annualized basis, and also decreased by 0.2% on a monthly basis.

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