Saudi Arabia April consumer price index up 2.3%-govt data

RIYADH: Saudi Arabia’s consumer price index increased 2.3 percent in April from a year earlier, owing to rising transportation, food, and beverage prices, according to government data released on Sunday.

In April 2022, the consumer price index, or CPI, increased by 2% over the same month the previous year, owing mostly to increases in transportation and food and beverage expenses.

Transportation costs increased by 4.6 percent, owing to a 9.5% increase in fuel prices and a 4.1 percent increase in car prices.

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Meat prices grew by 3.5 percent, and vegetable prices increased by 13.5 percent, resulting in a 4.3 percent increase in food and beverage expenses.

Prices of personal goods and services grew by 2.8%, owing to increases in the prices of jewellery, clocks, and watches.

Consumer prices climbed by 0.4 percent in March 2022, according to Saudi Arabia’s General Authority for Statistics.