Saudi inflation records 2.7% in June 2023

Saudi inflation slowed down to 2.7 percent in June 2023 from 2.8 percent in May, driven by stable prices across all sectors, according to data from the General Authority for Statistics (GASTAT) published on Sunday.

The report revealed that the increase was driven mainly by higher prices of housing, water, electricity, gas and other fuels, which recorded 9.1 percent, followed by the priced of education that reached three percent.