Inflation rises in Saudi Arabia

Inflation rises in Saudi Arabia
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Published April 17th, 2013 - 09:23 GMT via SyndiGate.info

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Inflation on the rise in Saudi Arabia
Inflation on the rise in Saudi Arabia
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Central Department of Statistics and Information

The cost of living index in the Saudi Kingdom rose by 3.9 percent in March compared to the same period last year.

The Central Department of Statistics and Information said in its monthly report that the rise was because of higher cost of major components such as hotel and restaurant sector, food and beverage, clothing and footwear, housing, water, electricity, gas and other fuels, as a single category.

Sharp rises in the price of tobacco are also included in the index calculation, which takes 2007 as the base year.

The transporting costs rose by 7.5 percent and hotel and restaurant costs were up by 7.1 percent. While tobacco prices spiraled by 12.8 percent at the rate of 12.8 percent, food and beverage rose by 5.3 percent.

Costs of clothing and footwear increased by 3.7 percent, while housing, water, electricity, gas and other fuels, which are considered as one unit, rose by 3.1 percent.

Household furniture, furnishings and maintenance rose 2.1 percent and education by 1.7 percent.

While the health sector rose by 1.6 percent, telecommunication registered a 1.5 percent rise.

The cost of amusement and cultural activities increased by 1.3 percent, and various services and goods increased by 0.4 percent, the statistical report said.

The report said that the general index in March totaled at 125.7 points compared to 125.3 points in February.

The rise was noticed in sectors of housing, water and electricity, gas and other fuels, household furniture, furnishings and maintenance at 0.6 percent, food and beverage and transport at 0.4 percent and health by 0.1 percent.

Sectors that showed a fall in cost this month compared to February are clothing and footwear by 0.4 percent and food, and restaurants by 0.1 percent.

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