General Authority for Statistics (GASTAT): Stability in Wholesale Price Index, December 2018 On Wednesday, the 17th of Jumada al-Awwal 1440H corresponding January 23, 2019, The General Authority for Statistics (GASTAT) released its monthly indicator for Wholesale Price Index (December 2018) on its official website www.stats.gov.sa. The wholesale price index stabilized at (116.9) in December 2018, and did not record any change compared to the previous month (November 2018). The indicator includes five sections, which are: agriculture and fishery products section, ores and minerals section, food and beverages products, tobacco and textiles section, mineral products, machines and equipment section and other goods. Today’s report attributed the index’s stability of the wholesale prices of December to the changes of the five sections composing the index, where two of them have increased; which are: mineral products, machines and equipment section (0.5%) and other goods (0.1%). In turn, three sections went down, which are: agriculture and fishery products section (1.4%), food, beverages, tobacco and textiles (0.4%), raw materials and metals (0.1%). Wholesale price index in Saudi Arabia measures average changes in goods prices and services sold in primary markets taking into consideration that the change is only in price, so consequently, all changes resulting from variation in qualities or discount in quantities or variation in method of shipping and other influential factors are excluded to get only net price after excluding all the mentioned indicators. This number is for everyone and it is prepared based on Saudi Arabia Additionally, wholesale price index is used to monitor changes in the prices of local or imported goods, which are dealt with in the market, consequently to identify price trends and market conditions. The wholesale price index is an important tool to prepare national accounts, by saving income and national accounts from the impact of price change.

“Owned dwellings” increases, rented dwellings decreases with the growth of households numbers GASTAT Releases Housing Bulletin to Describe Households’ Dwellings Until the Mid of 2018 On Saturday 20th of Jmadah AL-Awal 1440 (January 26th ,2019), GASTAT released Housing Bulletin on its official website www.stats.gov.sa which combines the results of the field survey that was held between 17/7/1439 and 22/8/1439 corresponding to (14/4/2018 to 18/5/2018) as well as record-based data provided by Ministry of Housing related to housing support . The bulletin aims at providing data of dwellings occupied with Saudi households (owned, rented, employer-provided housing) at Saudi Arabia’s administrative level. Additionally, the bulletin studies the characteristics of the dwelling and its surrounding environment, creates a database for dwellings, meets the local and international requirements as well as the needs of researchers and planners related to dwellings characteristics that are required by developmental plans. The bulletin also provides periodical data and indicators to measure the change in dwellings over time as well as conducting international, regional and local comparisons. Finally, it measures the improvements and the growth of the housing fields according to the type and age of the dwelling occupied by the household. On the other hand, Housing Bulletin showed that the number of Saudi households increased to (3.591.098) until the mid of 2018. For the same period, the results showed that the number of owned dwellings occupied with Saudi households increased (3.43%) compared to the same period of 2017 where owned dwellings occupied with Saudi households and used all construction materials reached (60.49%). Moreover, owned dwellings excluding dwellings that were built with “non-reinforced” construction materials reached (51.70%) compared to (41.91%) in the middle of 2017. The percentage of rented dwellings occupied with Saudi households decreased by (37.63%) in the middle of 2018 compared to (38%) in the middle of 2017. However, these percentages do not reflect the percentage of individuals who owned dwellings but the type of dwelling (owned, rented, employer-provided housing) that may be occupied by one household or more. In addition, the bulletin showed that the number of dwellings occupied with Saudi households in Saudi Arabia increased (2.46%) in the middle of 2018 compared to the middle of 2017. Dwellings occupied with Saudi households (owned, rented, employer-provided housing) until the mid of 2018 reached (64.2%) out of total dwellings in Saudi Arabia where the highest percentage was recorded in Makkah with (24.96%) followed by Riyadh with (23.68%), then in the Eastern Region with (14.31%), Asir (8.55%), Madina (6.92%), Jazan (4.93%), AL-Qassim (4.64%), Tabuk (3.37%), Hail (2.22%), Najran (1.90%), AL-Baha (1.88%), AL-Jouf (1.60%), finally, Northern Boarders (1.04%). In regard to the materials used in dwellings construction and occupied with Saudi households (owned, rented, employer-provided housing), the results showed that reinforced construction increased by (4.31%) compared to the mid of 2017. Dwellings occupied with Saudi households (owned, rented, employer-provided housing) and were built with (bricks) decreased by (9.2%) in the mid of 2018 compared to the mid of 2017 where dwellings occupied with Saudi households and were built with reinforced construction reached (89.54%) and dwellings occupied with Saudi households and were built with (bricks) reached (10.44%). The results also showed that the majority of dwellings (99.85%) occupied with Saudi households (owned, rented, employer-provided housing) depend on a public network as main source for electricity and are occupied with (99.86%) out of total Saudi households’ individuals. GASTAT confirmed that the results of the Housing Survey indicate the status of Saudi households’ dwellings until the mid of 2018. On the other hand, the record-based data of the Ministry of Housing showed the number of beneficiaries of the subsidized housing provided by “Sakani” program reached (67.070) Saudi households at the administrative level during 2018.

General Authority for Statistics (GASTAT) Released Real Estate Price Index Q4, 2018 On Thursday,  18th of Jumada al-Awwal 1440H corresponding to January 24, 2019,  General Authority for Statistics(GASTAT) released the report of Real Estate Price Index, Q4 2018 on its official website www.stats.gov.sa . The real-estate price index has recorded a decline by (2.3%) compared to the previous quarter (Q3, 2018), where the indicator of the Real Estate Price index reached (80.4) in the fourth quarter of 2018 compared to (82.3) in (Q3, 2018). This decline can be attributed to the decrease in the main sectors composing it:  housing sector (2.6%), commercial sector (1.7%), and agricultural sector (0.1%) compared to the third quarter of the current year. In fact, the housing sector witnessed an increase in the residential houses by (0.5%) during the 4th quarter of 2018 compared to the previous quarter. On the other hand, residential lands decreased by (0.6%) as well as villas (1.7%), residential buildings (0.6%), apartments (0.2%), commercial plots (0.7%) compared to the previous quarter. Commercial centers have also decreased by (0.2%) and the agricultural sector recorded a decline by (0.1%). It is worth mentioning that real estate price index is based on record-based data available at the Ministry of Justice. This indicator is an important tool to support economic and statistical decision makers regarding the changes of property prices and future forecasts during different periods of time. Real estate price index includes three main sectors consisting of several categories of real estate: housing sector which includes the following (plot of land, building, villa, apartment and house), commercial sector includes (plot of land, building, exhibition/ commercial center and shop), and the agricultural sector with only one category which is the agricultural land. The real estate price index aims at finding accurate real estate statistical indicators that measure the real estate market in Saudi Arabia according to internationally recognized scientific principles and standards. It also aims at filling the data gaps related to the real estate field and is considered as an important tool to support economic decision makers in this field.

GASTAT: Consumer Price Index (CPI) Decreases by 0.3% in December, 2018 On Tuesday, Jumada al-Awwal 16th, 1440 H (corresponding to January 22th, 2019), The General Authority for Statistics (GASTAT) released its monthly report of Saudi Arabia’s Consumer Price index (CPI) for December. The report was published on its official website www.stats.gov.sa. (CPI) went down 0.3% in December compared to the previous month (November 2018). (CPI) in Saudi Arabia decreased to (106.2) index points in December from (106.5) points in November of 2018 with 0.3% change, report showed. The report attributed the monthly decline of the index to the declines in six of the main sections of the consumer price index, which are: food and beverage by 0.5%, housing, water, electricity, gas and other fuel by 0.5%, transport by 0.2%, home furnishing and equipment by 0.1%, communications by 0.1% and finally miscellaneous goods and services by 0.1%. Tobacco, clothes, footwear, health, culture and entertainment, education, restaurants and hotels remained stable with no change. On the other hand, annual change of the general CPI increased 22.2% compared to the same month last year reaching (106.2) points in December 2018 compared to (103.9) points in December 2017 with 2.2% change. The ten sections composing the CPI contributed to the annual change, which are: transportation 12.0%, tobacco 10.2%, restaurant and hotels 7.3%, food and beverages 7.1%, home furnishing and equipment 5.0%, entertainment and culture 4.6%, health 4.0%, telecommunication 1.1%, personal goods and services 0.8% and education 0.2%. On the other hand, two of the main sections witnessed a decline, which are: housing, water, electricity and gas section and with 5.1% as well as clothing and footwear with 3.2%.