Published 17 Feb,2021 via Arab News - Economy RIYADH - The Consumer Price Index (CPI) in Saudi Arabia increased 5.7 percent in January 2021 compared to the same month last year 2020 and 3.5 percent compared to last December, according to data issued Tuesday by the General Authority for Statistics (GaStat).
The CPI index still reflects an increase in value-added tax from 5 percent to 15 percent, which began to be applied in July 2020, GaStat stated.
GaStat attributed the increase in inflation on an annual basis to an increase in the prices of food and beverages by 12.3 percent and those of transport by 9.6 percent. Food prices are the largest influence in the increase in inflation in January 2021 compared to January 2020.
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Arab News