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Housing rents and food prices push Saudi inflation to 1.6 per cent in August

In August, Saudi Arabia’s annual inflation rate went up slightly to 1.6 per cent, compared to 1.5 per cent in July, according to new data released on Sunday. This increase was mainly due to higher housing rents and food prices. Housing rents rose by 10.7 per cent in August, contributing to an overall 8.9 per cent increase in prices for housing, water, electricity, gas, and other fuels, as reported by the General Authority for Statistics. Inflation had stayed steady at 1.5 per cent in J
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