Saudi Arabia’s inflation rate fell to 2.3 percent in July compared to 2.7 percent in June, driven by relatively stable prices across all sectors, official data showed.
A report released by the General Authority for Statistics attributed the fall to the decrease in prices of furnishings, household equipment and maintenance, which went down by 0.3 percent in July.
Clothing and footwear prices slipped by 0.8 percent in July compared to June, while the cost of personal goods and services dipped by 0.6 percent during the same period.
In contrast, in July, housing, water, electricity, gas and other fuel prices increased by 0.3 percent compared to June. —AN
