Latest news with #GASTAT
Arabian Business
5 days ago
- Business
- Arabian Business
Saudi inflation holds steady at 2.3% in June 2025 as consumer and wholesale prices stabilise
Saudi Arabia's inflation rate remained stable at 2.3 per cent in June 2025 compared to the same month in 2024, according to the latest data released by the General Authority for Statistics (GASTAT). On a monthly basis, the Consumer Price Index (CPI) also showed no significant movement, holding steady with a 0.2 per cent increase from May 2025. The CPI tracks changes in the prices paid by consumers for a basket of 490 goods and services, compiled using data from the 2018 Household Income and Expenditure Survey. Saudi inflation 2025 The Wholesale Price Index (WPI), which measures changes in prices at the producer level, remained relatively stable at 2.1 per cent year-on-year. However, it saw a slight monthly decline of 0.1 per cent in June. Annual CPI (June 2025 vs June 2024): 2.3 per cent Monthly CPI (June 2025 vs May 2025): 0.2 per cent Annual WPI: 2.1 per cent Monthly WPI change: -0.1 per cent The stability in both consumer and wholesale prices suggests that the Kingdom is maintaining effective inflation control measures, even as other global economies continue to grapple with price volatility and cost-of-living concerns.
Zawya
5 days ago
- Business
- Zawya
Saudi: Inflation remains stable at 2.3% in June
RIYADH — The annual inflation rate in Saudi Arabia remained relatively stable at 2.3 percent in June 2025 compared to the same month last year. The Consumer Price Index (CPI) or inflation recorded an increase of 0.1 percent in June compared to the previous month of May when it stood at 2.2 percent, according to the monthly statistics bulletin published on Tuesday by the General Authority for Statistics (GASTAT). Saudi Arabia continues to record one of the lowest inflation rates among G20 countries. According to the report, this slight rise was mainly driven by an increase in the prices of the housing, water, electricity, gas and fuel section by 0.2 percent. The CPI witnessed slight increases in prices for several other categories on a monthly basis, including food and beverages by 0.1 percent, miscellaneous personal goods and services by 0.5 percent and recreation and culture by 0.3 percent. On an annual basis, the slight increase is attributed to a 6.5 percent increase in the prices of housing, water, electricity, gas, and fuel. This category has the greatest impact on inflation during this month, given its weighting of 25.5 percent of the index. The increase in the housing category was driven by a 7.6 percent increase in rents paid for housing, specifically a 7.1 percent increase in villa rental prices in June 2025. A number of other categories also saw price increases on an annual basis. Prices in the food and beverages section rose by 1.5 percent, driven by a 2.4 percent increase in meat and poultry prices. Prices in the miscellaneous personal goods and services section rose by 4.1 percent, impacted by a 26.5 percent increase in the prices of jewelry, watches, and antiques. Prices in the restaurants and hotels section rose by 1.6 percent, driven by a 1.9 percent increase in the prices of restaurants, cafes, and similar establishments. The education section saw a 1.4 percent increase, impacted by a 5 percent increase in higher education fees. On the other hand, some sections recorded year-on-year price declines. Prices in the home furnishings and equipment section fell by 1.7 percent, impacted by a 3.6 percent decrease in the prices of furniture, carpets, and floor coverings. Prices in the clothing and footwear section also fell by 0.6 percent, due to a 1.4 percent decrease in the prices of ready-made garments. Transportation prices fell by 0.7 percent, driven by a 1.7 percent decline in vehicle purchase prices. While some categories rose on a monthly basis, the CPI witnessed declines in both the health and communications categories, which fell by 0.3 percent and 0.1 percent respectively. Transportation and tobacco products prices remained relatively unchanged in June 2025. The CPI reflects changes in the prices paid by consumers for a fixed basket of 490 items. Saudi Arabia's wholesale price index recorded an annual increase of 2.1 percent during June 2025, compared to the same month in 2024. This increase was primarily due to a 4.5percent increase in the prices of other transportable goods, in addition to a 4.4 percent increase in the prices of agricultural and fishing products. The prices of other transportable goods, excluding metal products, machinery, and equipment, increased by 4.5 percent in June 2025 compared to June 2024. This increase was driven by an 8.2 percent increase in the prices of refined petroleum products and a 9.3 percent increase in the prices of furniture and other transportable goods not elsewhere classified. The prices of agricultural and fishing products also increased by 4.4 percent, driven by a 7 percent increase in the prices of fish and other fishery products, as well as a 6.7 percent increase in the prices of agricultural products. In a related context, the prices of food products, beverages, tobacco, and textiles increased by 0.2 percent. This was due to a 1.4 percent increase in the prices of grain mill products, starch, and other food products, in addition to a 1.1percent increase in the prices of leather, leather products, and footwear. On the other hand, the prices of raw materials and metals decreased by 1.1 percent, due to a 1.1 percent decrease in the prices of stones and sand. The prices of metal products, machinery, and equipment also decreased by 0.3 percent, due to a 4.7 percent decrease in the prices of radio, television, and communications equipment and equipment, as well as a 3.5 percent decrease in the prices of used general-purpose machinery. On a monthly basis, the wholesale price index decreased by 0.1 percent in June 2025 compared to the previous month of May. This decrease was due to a 0.2 percent decrease in the prices of metal products and machinery and equipment, driven by a 0.5 percent decrease in the prices of radio, television, and communications equipment and equipment, and a 0.5 percent decrease in the prices of used general-purpose machinery. The index of other transportable goods, excluding metal products, machinery, and equipment, also decreased by 0.1 percent due to a 0.4 percent decline in the prices of basic chemicals and a 0.2 percent decline in the prices of glass and non-metallic products. In the same context, the prices of food, beverages, tobacco, and textiles decreased by 0.2 percent, due to a 0.5 percent decline in the prices of finished textile goods excluding clothing and a 0.4 percent decline in the prices of leather, leather products, and footwear. On the other hand, the prices of agricultural and fishery products increased by 0.4 percent due to a 0.6 percent rise in the prices of live animals and animal products, and a 0.4 percent rise in the prices of agricultural products. Meanwhile, the prices of raw materials and metals remained stable, recording no significant changes in June 2025. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
5 days ago
- Business
- Saudi Gazette
GASTAT: Inflation remains stable at 2.3% in June
Saudi Gazette report RIYADH — The annual inflation rate in Saudi Arabia remained relatively stable at 2.3 percent in June 2025 compared to the same month last year. The Consumer Price Index (CPI) or inflation recorded a slight increase of 0.1 percent in June compared to the previous month of May when it stood at 2.2 percent, according to the monthly statistics bulletin published on Tuesday by the General Authority for Statistics (GASTAT). Saudi Arabia continues to record one of the lowest inflation rates among G20 countries. According to the report, this rise was mainly driven by an increase in the prices of the housing, water, electricity, gas and fuel section by 0.2 percent. The CPI witnessed slight increases in prices for several other categories on a monthly basis, including food and beverages by 0.1 percent, miscellaneous personal goods and services by 0.5 percent and recreation and culture by 0.3 percent. On an annual basis, the slight increase is attributed to a 6.5 percent increase in the prices of housing, water, electricity, gas, and fuel. This category has the greatest impact on inflation during this month, given its weighting of 25.5 percent of the index. The increase in the housing category was driven by a 7.6 percent increase in rents paid for housing, specifically a 7.1 percent increase in villa rental prices in June 2025. A number of other categories also saw price increases on an annual basis. Prices in the food and beverages section rose by 1.5 percent, driven by a 2.4 percent increase in meat and poultry prices. Prices in the miscellaneous personal goods and services section rose by 4.1 percent, impacted by a 26.5 percent increase in the prices of jewelry, watches, and antiques. Prices in the restaurants and hotels section rose by 1.6 percent, driven by a 1.9 percent increase in the prices of restaurants, cafes, and similar establishments. The education section saw a 1.4 percent increase, impacted by a 5 percent increase in higher education fees. On the other hand, some sections recorded year-on-year price declines. Prices in the home furnishings and equipment section fell by 1.7 percent, impacted by a 3.6 percent decrease in the prices of furniture, carpets, and floor coverings. Prices in the clothing and footwear section also fell by 0.6 percent, due to a 1.4 percent decrease in the prices of ready-made garments. Transportation prices fell by 0.7 percent, driven by a 1.7 percent decline in vehicle purchase prices. While some categories rose on a monthly basis, the CPI witnessed declines in both the health and communications categories, which fell by 0.3 percent and 0.1 percent respectively. Transportation and tobacco products prices remained relatively unchanged in June 2025. The CPI reflects changes in the prices paid by consumers for a fixed basket of 490 items. Saudi Arabia's wholesale price index recorded an annual increase of 2.1 percent during June 2025, compared to the same month in 2024. This increase was primarily due to a 4.5percent increase in the prices of other transportable goods, in addition to a 4.4 percent increase in the prices of agricultural and fishing products. The prices of other transportable goods, excluding metal products, machinery, and equipment, increased by 4.5 percent in June 2025 compared to June 2024. This increase was driven by an 8.2 percent increase in the prices of refined petroleum products and a 9.3 percent increase in the prices of furniture and other transportable goods not elsewhere classified. The prices of agricultural and fishing products also increased by 4.4 percent, driven by a 7 percent increase in the prices of fish and other fishery products, as well as a 6.7 percent increase in the prices of agricultural products. In a related context, the prices of food products, beverages, tobacco, and textiles increased by 0.2 percent. This was due to a 1.4 percent increase in the prices of grain mill products, starch, and other food products, in addition to a 1.1percent increase in the prices of leather, leather products, and footwear. On the other hand, the prices of raw materials and metals decreased by 1.1 percent, due to a 1.1 percent decrease in the prices of stones and sand. The prices of metal products, machinery, and equipment also decreased by 0.3 percent, due to a 4.7 percent decrease in the prices of radio, television, and communications equipment and equipment, as well as a 3.5 percent decrease in the prices of used general-purpose machinery. On a monthly basis, the wholesale price index decreased by 0.1 percent in June 2025 compared to the previous month of May. This decrease was due to a 0.2 percent decrease in the prices of metal products and machinery and equipment, driven by a 0.5 percent decrease in the prices of radio, television, and communications equipment and equipment, and a 0.5 percent decrease in the prices of used general-purpose machinery. The index of other transportable goods, excluding metal products, machinery, and equipment, also decreased by 0.1 percent due to a 0.4 percent decline in the prices of basic chemicals and a 0.2 percent decline in the prices of glass and non-metallic products. In the same context, the prices of food, beverages, tobacco, and textiles decreased by 0.2 percent, due to a 0.5 percent decline in the prices of finished textile goods excluding clothing and a 0.4 percent decline in the prices of leather, leather products, and footwear. On the other hand, the prices of agricultural and fishery products increased by 0.4 percent due to a 0.6 percent rise in the prices of live animals and animal products, and a 0.4 percent rise in the prices of agricultural products. Meanwhile, the prices of raw materials and metals remained stable, recording no significant changes in June 2025.
Asharq Al-Awsat
5 days ago
- Business
- Asharq Al-Awsat
Saudi Inflation Rate Remains Stable at 2.3% in June 2025
The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year. The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis. Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025. According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.
Economy ME
6 days ago
- Business
- Economy ME
Saudi Arabia achieves 203.2 percent growth in non-oil trade surplus exceeding $533.2 million
The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries saw an annual growth rate of 203.2 percent, exceeding SAR2 billion ($533.26 million) in April. It surged to approximately SAR3,511 million from SAR1,158 million in the same month last year. According to preliminary data from the International Trade Bulletin for April, published by the General Authority for Statistics (GASTAT) , the total volume of non-oil trade, including re-exports, between Saudi Arabia and GCC countries reached around SAR18,028 million (SAR18.028 billion). This represents a year-on-year growth of 41.3 percent, reflecting an increase of SAR5,271 million from SAR12,757 million in April 2024. Non-oil commodity exports, including re-exports, rose by 55 percent, totaling SAR10,770 million, up from SAR6,958 million in April of the previous year, marking an increase of over SAR3,812 million, as reported by the Saudi Press Agency (SPA) citing the GASTAT figures. Meanwhile, the value of national non-oil commodity exports reached around SAR3,031 million, compared to SAR2,675 million in April 2024, achieving a year-on-year growth rate of 13.3 percent, with an estimated increase of SAR356 million. Read more: Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023 Surge in re-exports reaches SAR7.738 billion Additionally, the value of re-exports surged by 81 percent, reaching SAR7,738 million (SAR7.738 billion) compared to SAR4,282 million, representing an increase of SAR3,456 million. Saudi Arabia's imports from GCC countries stood at SAR7,258 million in April 2025, compared to SAR5,799 million last year, achieving a year-on-year growth of 25.2 percent, with an increase of SAR1,459 million. The data indicated that the United Arab Emirates ranked first in terms of non-oil trade volume with Saudi Arabia, amounting to SAR13,533 million, which represents about 75.1 percent of the total. Bahrain followed in second place with a trade value of SAR1,798 million (10 percent), while Oman ranked third with SAR1,454 million (8.1 percent). Kuwait was fourth with SAR819.9 million (4.5 percent), and Qatar came next with a value of SAR422.1 million (2.3 percent).
