• Inflation in Saudi Arabia, the lowest level since 16 months


    Highest rate was in April of last year
    Inflation in Saudi Arabia, the lowest level since 16 months


    Inflation record in Saudi Arabia showed a slight decrease on a monthly basis up to 2.9 percent in the month of January last year, compared with 3 percent in the month of December 2013, the levels recorded by the rate of inflation last month, its lowest in 16 months and particularly since last October, while he was at its highest level in April 2013 when it reached 4 per cent. Comparing inflation rates in the corresponding period last year, the inflation rate of last less than in that period was at 3.9 percent.
    The monthly data showed that the index of costs of living in Saudi Arabia rose by 0.2 percent to 137.25 points last month, compared with 128.4 points in December 2013. It also increased by about 3 per cent compared to the same period last year as the General index at that time stood at 153.35 points. According to the monitoring unit of the economic reports in the newspaper ' economic ' average general index of costs of living about 126.4 points in 16 months, while the average percentage change of the index on a monthly basis, 0.2 per cent, the highest percentage monthly change record index of costs of living in July 2013, about 0.4 per cent. The monthly rise was due to a general index to the cost-of-living growth in eight departments head the top health department by 1 per cent, with the support of the high range of patients and hospital services, followed by the Department of housing, water, electricity, gas and other fuels, while the recreation and Culture Department, the lowest elevations of the high sections of 0.1 per cent.

    While the: Department of communications, food and drink, clothing and footwear, different retreats, with the exception of the Department of education has not changed. The figure rose the standard cost of living compared to the same period in 2013, and for divisions rose nine sections of the President was top in terms of furnishing and fittings section headroom home maintenance by 6.7 per cent, followed by the tobacco section of 6 per cent, then the food and drink section by 5 per cent, by contrast, has three sections in the numbers was the highest standard in terms of the transport section 1.9 per cent.

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