Wholesale Price Index in Saudi Arabia increases by 3.1% in September 2024

The Wholesale Price Index (WPI) reached 3.1% in September 2024 compared to the same month of 2023, mainly due to the increase in the prices of other transportable goods by 8.0%, affected by the increase in the prices of basic chemicals by 12.0%, as well as the increase in the prices of refined petroleum products by 12.0%.

Increase of other transportable goods prices in September 2024

The category of other transportable goods increased by 8.0% compared to September 2023 due to a 12.0% increase in basic chemicals prices and a 12.0% rise in refined petroleum products prices.

Similarly, prices of metal products, machinery and equipment increased by 0.1%, attributed to a 3.0% increase in prices of basic metals, and a 2.4% increase in prices of electrical machinery and apparatus.

On the other hand, ores and minerals prices decreased by 3.6%, mainly due to a 3.6% decrease in stone and sand prices.

Prices of agricultural and fishery products decrease by 0.4% due to a 5.8% decrease in the prices of fish and other fishing products and a 2.5% decrease in the prices of live animals and animal products.

The prices of food products, beverages, tobacco, and textiles decreased by 0.3%, due to a 5.6% decrease in the prices of meat, fish, fruit, vegetables, oils, and fats, and a 1.6% decrease in the prices of dairy products.