The annual inflation rate in Saudi Arabia slightly decreased to 2.7 percent in June from 2.8 percent in the previous month, according to government data released on Sunday.
The data from the kingdom’s General Authority for Statistics indicated that prices for housing, water, electricity, gas, and other fuels increased by 9.1 percent in June compared to the same month last year. Additionally, restaurant and hotel prices went up by 4.3 percent, and education costs rose by 3 percent during the same period.
On the contrary, prices for clothing and shoes experienced a decline of 2.9 percent, communication costs were down by 0.7 percent, and miscellaneous personal goods and services saw a slight decrease of 0.1 percent.
The inflation rate in Saudi Arabia has been following a downward trajectory since the beginning of the year, starting at 3.4 percent in January.
