By Elias Al Helou
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Annual inflation in Saudi rises to 2.2% in May

Blame the increase in food, beverage, and transportation prices by 4.2%
Annual inflation in Saudi rises to 2.2% in May
A Saudi man buying vegetables at a supermarket

Saudi’s General Authority for Statistics (GASTAT) revealed on Wednesday that the country’s consumer price index (also known as inflation) increased by 2.2 percent on an annual basis in May, which is a slight decrease from the 2.3 percent increase in April. 

According to a statement, the food and beverage industry grew by 4.2 percent, and transportation costs increased by 4 percent.

GASTAT further noted that the spike in the food and beverage sector “had a substantial impact on the rise in annual inflation in May 2022, due to the sector’s weight in the index (18.8 percent).”

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