Fri, 19 04 1442 | 04 Dec 2020

The General Consumer Price Index increases by 0.2% for October

 

As a Result of the Increase in the main 8 Sections

The General Consumer Price Index increases by 0.2% for October

On November 19th, 2019, the General Authority for Statistics (GASTAT) released its monthly report on the consumer price index (CPI) in Saudi Arabia for October. The report was published on its official website www.stats.gov.sa

 The report showed that the CPI in October recorded an increase by (0.2%) reaching (106.5) points, up from (106.3) points in September 2019. 

 The report attributed this increase to the increase in the eight main sections composing the CPI, which are: housing, water, electricity and other fuel by (0.6%), health by (0.5%), food and beverages by (0.2%), home furnishing and equipment by (0.2%), tobacco by (0.1%), clothes and shoes by (0.1%), restaurants and hotels by (0.1%), and goods and personal services by (0,1%).

On the other hand, three of the main section of the CPI witnessed a decline, which are: Transportation by (0.5%), Entertainment and culture by (0.4%), telecommunication by (0.2%). Whereas the education section did not record any relative change.   

It is worth mentioning that the General Consumer Price Index (CPI) is one of the most important statistical indicators issued by the General Authority for Statistics on a regular basis. This figure reflects changes in the prices of the fixed market basket of goods and services over specific time periods.

The CPI is comprehensive and representative of the various categories of the population in the Saudi Arabia and is used to prepare a series of statistical and economic reports and analyzes on price movements and future forecasts in future periods.

 

 

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