Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Saudi inflation rises 2.9% year-on-year in November

Saudi inflation rises 2.9% year-on-year in November

Saudi Arabia’s annual inflation rate rose by 2.9 percent in November compared to the same month last year, driven by a rise in housing, water, and food prices, according to the latest figures released by the General Authority for Statistics.  
The inflation rate, however, eased from 3 percent in October and 3.1 percent in September 

Housing costs driving inflation in the Kingdom 

The report from GASTAT suggested that housing, water, electricity, gas, and other fuel prices increased by 4.7 percent due to the increase in actual rentals for housing which went up 5.3 percent in November.  

“Prices for housing were the main driver of the inflation rate in November 2022 due to their high relative importance in the Saudi consumer basket with a weight of 25.5 percent,” said GASTAT in the report.  

According to the report, food prices in November increased by 3.6 percent, while meat prices alone rose by 4.5 percent.  

The report further pointed out that restaurants and hotel prices increased by 6.9 percent year-on-year, due to the increase in catering services prices by 6.9 percent.  

Education prices in November witnessed a rise of 3.6 percent, mainly due to a rise in pre-primary and primary education fees. 

The report added that recreation and culture prices increased by 2 percent, mainly resulting from the increase in rents for rest houses and camps by 9.9 percent.  

Conversely, the GASTAT report showed that personal goods and services prices decreased by 0.4 percent year-on-year in November driven by the decrease in charges to bring domestic helper prices by 4.6 percent.  

In November, clothing and footwear prices also went down by 1.3 percent compared to the same month in the previous year, due to the decrease in garment prices.  

November 2022 V October 2022 

“Compared to October 2022, consumer prices increased slightly by 0.1 percent. The monthly CPI was affected by the increase in housing, water, electricity, gas, and other fuels prices by 1.4 percent, as a result of the increase in actual rentals for housing by 1.6 percent,” the report said. 

The prices of transport decreased by 0.1 percent in November compared to last month, while restaurants and hotel prices rose by 0.2 percent.  

Clothing and footwear prices went down 0.3 percent in November compared to October 2022, while household equipment and maintenance prices dipped 0.7 percent during the same period.  

The Saudi government, in its recently released budget statement, forecast inflation in the Kingdom to average 2.6 percent by the end of 2022 “under exceptional global circumstances.”
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×