Saudi Arabia's annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on Sunday, with price rises again driven mainly by housing costs.
Prices rose 0.3% month on month in December, compared with a 0.1% monthly rise in November, Saudi Arabia's General Authority for Statistics said.
The statistics authority said the rise was "as a result of the increase in actual rentals for housing by 1.1%." "The annual consumer price index for 2022 increased by 2.5% compared to 2021, mainly influenced by the rise in food and beverages prices by 3.7% and transport prices by 4.1%, due to their weight in the index," the General Authority for Statistics said in a separate report.
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