Clouds move over the Riyadh skyline November 17, 2013. Picture taken November 17, 2013. REUTERS/Faisal Al Nasser
Saudi Arabia’s consumer price index rose 1.2% in January from a year earlier, fuelled by higher transport prices, government data showed on Tuesday.
Transport prices increased by 4.9%, mainly due to the rise in gasoline prices by 34.5%, the General Authority for Statistics said in a statement.
“Transport prices were the main driver of the inflation rate in January 2022 due to their high relative importance in the Saudi consumer basket,” it said, citing the segment’s 13% CPI weight on the inflation basket.
Oil prices are trading at their highest in more than seven years.
Saudi Arabia’s CPI rose 0.2% month-on-month in January, the statement said.Reporting by Saeed Azhar; Editing by Himani Sarkar
This article was originally published by Reuters.
Completion of the reviews would unlock about $28 million in new financing, with growth projected…
New multi-million-pound FIA Remote Operations Centre underlines FIA commitment to delivering highest standards of safety,…
They are ‘the lifeblood of our sport, and without their dedication, professionalism and passion, there…
Li will leave on November 30 at the end of his term; Liao, currently China’s…
The “The UAE. A Closer Look” initiative sent photographers to capture an emirate that is…
12,428 homes transacted in January–August 2026 against 9,788 in the whole of 2025; eight-month volume…