Saudi Arabia’s Inflation Rate Stabilizes at 1.5 Percent in July 2024

The inflation rate in Saudi Arabia stabilized at 1.5 percent during July 2024 compared to the last five months of this year and equal to the previous month of June as it reached 1.5 percent, thus maintaining its relative stability. The Consumer Price Index (CPI) reflects the changes in prices paid by consumers for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the household income survey conducted in 2018. The prices are collected through field visits to points of sale. The CPI statistics of the consumer price index in Saudi Arabia are published monthly. Source: Qatar News Agency