Economic Overview
In February, Saudi Arabia’s consumer price index stabilized at a rate of 2%, matching the level recorded in January after an increase of 1.9% in December.
The housing, electricity, and water sectors experienced a notable increase, with prices rising by 7.1%, primarily influenced by an 8.5% rise in the housing rental group.
Additionally, the Food and Beverages sector observed a 1% increase, driven largely by a 3.7% rise in meat and poultry prices.
Conversely, prices in the furniture and home equipment sectors decreased by 2.5%, a trend largely influenced by a 4.4% drop in the costs of furniture and carpets.
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