Saudi Arabia’s inflation rate has achieved relative stability over the first five months of 2023, according to a report on the Kingdom’s state-run news agency.
In the first five months of the year inflation in the Kingdom reached 2.8 per cent.
This situation is due to the robustness of the country’s economy and the significant positive impact of the measures and actions taken to cope with the rising inflation rates.
Saudi Inflation 2023
Inflation rates in the Kingdom maintained a reasonable level and balanced proportions compared to most of the world.
During May 2023, inflation rose slightly to 2.8 per cent compared to May 2022.
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