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Argaam
21-07-2025
- Business
- Argaam
Prices of 84 Saudi commodities, services soar in June
The average prices of 84 out of 169 goods and services in 10 categories in Saudi Arabia turned higher year-on-year (YoY) in June, data issued by the General Authority for Statistics (GASTAT) showed. African medium lemon was the highest gainer in June, up 42.62% YoY, followed by white American cardamom with a 24.01% YoY hike. Meanwhile, local medium potatoes was the biggest decliner, dropping by 14.97% YoY, followed by local round onion, which tumbled by 14.83% YoY. Elsewhere, prices of 22 construction materials rose on an annual basis last month, while 16 others decreased YoY. Annual prices of three feed and livestock types surged in June, while 10 others contracted YoY. In the clothing category, prices of five items increased YoY, while five others retreated YoY for the same month. Prices of three miscellaneous personal services and commodities went up YoY, while one fell YoY in June. Likewise, prices of two detergent products advanced last month, compared to June 2024. Meanwhile, two items remained flat. Prices of the two health services witnessed a YoY rise in the same month, while one saw a decline. Elsewhere, prices of one service under the maintenance & repair of personal means of transportation grew on an annual basis. The other service under the same category, on the other hand, retreated YoY in June. However, prices of both hotel rooms and furnished apartments fell YoY in June.
Arabian Business
15-07-2025
- 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.
Khaleej Times
15-07-2025
- Business
- Khaleej Times
Saudi Arabia's annual inflation accelerates to 2.3% in June
Inflation in Saudi Arabia accelerated to 2.3% in June compared to the same month last year and was also up slightly from 2.2% in May, government data showed on Tuesday. Inflation has hovered between 2% and 2.3% since the beginning of this year, mainly driven by rises in housing rents. It stood at 1.5% in June last year. Rents for housing increased by 7.6% due to villa prices rising by 7.1%, the General Authority for Statistics said. Housing was the primary reason for prices in the combined housing, water, electricity, gas and other fuels category climbing to 6.5%. The Saudi government last month announced steps to balance Riyadh's real estate market, including setting aside some price-capped plots for Saudi citizens. Saudi Arabia also recently approved a new Real Estate Ownership and Investment Law, which will ease property purchases by foreigners when it takes effect next year. Saudi Arabia is in the process of building several massive new developments around Riyadh as part of its Vision 2030 program of diversifying the economy away from oil and boosting both tourism and the private sector. The new law is expected to balance out supply and demand in the long term, but is dependent on the success of the city's real estate projects getting completed on schedule. The International Monetary Fund expects Saudi inflation to remain steady at around 2%, supported by the riyal's peg to the U.S. dollar, domestic subsidies and "an elastic supply of expatriate labor".
Zawya
15-07-2025
- 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. (
Zawya
15-07-2025
- Business
- Zawya
Saudi Arabia's annual inflation accelerates to 2.3% in June
RIYADH - Inflation in Saudi Arabia accelerated to 2.3% in June compared to the same month last year and was also up slightly from 2.2% in May, government data showed on Tuesday. Inflation has hovered between 2% and 2.3% since the beginning of this year, mainly driven by rises in housing rents. It stood at 1.5% in June last year. Rents for housing increased by 7.6% due to villa prices rising by 7.1%, the General Authority for Statistics said. Housing was the primary reason for prices in the combined housing, water, electricity, gas and other fuels category climbing to 6.5%. The Saudi government last month announced steps to balance Riyadh's real estate market, including setting aside some price-capped plots for Saudi citizens. Saudi Arabia also recently approved a new Real Estate Ownership and Investment Law, which will ease property purchases by foreigners when it takes effect next year. Saudi Arabia is in the process of building several massive new developments around Riyadh as part of its Vision 2030 program of diversifying the economy away from oil and boosting both tourism and the private sector. The new law is expected to balance out supply and demand in the long term, but is dependent on the success of the city's real estate projects getting completed on schedule. The International Monetary Fund expects Saudi inflation to remain steady at around 2%, supported by the riyal's peg to the U.S. dollar, domestic subsidies and "an elastic supply of expatriate labor". (Reporting by Pesha Magid Editing by Gareth Jones)
