GASTAT: Consumer Price Index (CPI) Decreases and Annual Index Rises in November 2018

General Authority for Statistics (GASTAT) released its monthly report of Saudi Arabia's Consumer Price Index (CPI) for November. The report was published on its official website www.stats.gov.sa . (CPI) went down to 0.2% in November compared to the previous month (October 2018).

(CPI) in Saudi Arabia decreased to (106.5) index points in November from (106.8) in October of 2018 with 0.2% change, (GASTAT) report showed.

On the other hand, the report attributed the monthly decrease of the index to the declines of the five main sections composing it, which are: housing, water, electricity and gas section with 0.8%, restaurants and hotels sections with 0.2%, food and beverages sections with 0.1%, clothing and footwear sections with 0.1%, and finally telecommunication section with 0.1%.

In contrast, two of the main sections witnessed an increase, which are: home furnishing and equipment section, and transportation section with 0.2%. Tobacco, health, culture and entertainment, education, and personal goods and services sections remained unchanged.

The year-over-year (YOY) of CPI registered an increase of 2.4% in November 2018 compared to the same month last year reaching (106.5) in November 2018 compared to (103.6) in November 2017 with 2.8%.

This increase was ascribed to the ten sections composing the CPI, which are: transportation 12.0%, tobacco 10.2%, restaurants and hotels 8.6%, food and beverages 7.7%, home furnishing and equipment 4.6%, health 4.0%, culture and entertainment 3.8%, telecommunication 1.3%, personal goods and services 0.6%, and finally education 0.2%,

On the other hand, two of the main sections witnessed a decline, which are: clothing and footwear section as well as housing, water, electricity and gas section by 4.5% and 3.1% respectively.