Saudi annual inflation rises to 3.3% in December 2022: GASTAT

In December 2022, the Consumer Price Index (CPI) increased by 3.3%, compared to December 2021. The main driver of CPI inflation in December was the higher prices of housing, water, electricity, gas, and other fuels by 5.9%, and food and beverages by 4.2%, The General Authority for Statistics (GASTAT) revealed on Sunday.
Prices increase by 0.3% compared to November 2022 Compared to November 2022, consumer prices increased slightly by 0.3%.
The monthly CPI was affected by the increase in housing, water, electricity, gas, and other fuels prices by 0.9%, as a result of the increase in actual rentals for housing by 1.1%.
Transport prices increased by 0.4%, mainly due to the increase in purchase of motor cars prices by 0.7%, restaurants and hotels prices increased by 0.2%, and personal goods and services increased by 0.1%.
Contrarily, prices of food and beverages decreased by 0.1%, just as well as clothing and footwear (-0.2%), furnishings, household equipment & maintenance (-0.2%), recreation & culture (-0.6%), and communication (-0.1%).