Statistics: Actual housing rents in the Kingdom rose 10.4% last month

Rising villa rents push the housing index 8.7% and monthly inflation increases 0.3% while annual inflation stabilizes at 1.6%.
Actual Rental Housing Units - Mortgage Loan

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The General Authority for Statistics said that actual housing rents in the Kingdom increased by 10.4% last April, affected by the increase in villa rent prices by 9.4%, and the rise in this group had a significant impact on the rise in annual inflation due to its large weight in the index, which amounts to 21%.

The General Authority for Statistics (GASTAT) said that food and beverages rose by 0.81 TP3T, affected by the increase in meat and poultry prices by 1.81 TP3T. The food and beverages section rose by 0.8%, influenced by a 1.8% rise in meat and poultry prices, and the restaurants and hotels section recorded a 2% rise, influenced by a 1.8% rise in catering services prices.

Food and beverages prices rose by 0.8%.

Education rose by 1.1%, influenced by a 4.1% increase in middle and high school tuition prices.

On a month-on-month basis, the education section recorded a rise of 1.1%, influenced by a 4.1% increase in tuition prices. On a monthly basis, the Consumer Price Index (CPI) in April 2024 recorded a slight increase of 0.3% compared to March 2024. The monthly inflation index was affected by the rise in housing, water, electricity, gas and other fuels by 0.4%, which in turn was affected by the rise in actual rental prices for housing by 0.4%.

Monthly inflation was affected by the rise in housing, water, electricity, gas and other fuels by 0.4%. Saudi Arabia's consumer price index (inflation rate) stabilized for the second consecutive month, recording 1.6% in April 2024, compared to the same month of 2023.

The monthly report revealed that Saudi Arabia's consumer price index (CPI) stabilized for the second consecutive month, recording 1.6% in April 2024, compared to the same month of 2023. The monthly report of the General Authority for Statistics revealed that the inflation rate last month was affected by the rise in the prices of housing, water, electricity, gas, and other fuels by 8.7%, in addition to the rise in food and beverages prices by 0.8%, while the prices of the transportation section decreased by 1.6%.

The monthly report of the General Authority for Statistics revealed that the inflation rate last month was affected by the rise in the prices of housing, water, electricity, gas, and other fuels by 8.7%.