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Saudi Arabia’s inflation registers highest level since beginning of 2015

This represents rise on monthly basis of 0.3 per cent and year-on-year rise of 2.4 per cent

The general index of living costs in Saudi Arabia rose slightly by 0.3 per cent during October 2015, compared with the previous month, according to a report.

The index rose 2.4 per cent compared with the corresponding month in 2014, but recorded the highest level during the current year compared to 2.2 per cent in January, reports Saudi-based Al Eqtisadiah.

The monthly report issued by the Central Department Of Statistics and Information shows that the general index of the cost of living in the kingdom stood at 134.3 points in October 2015, up from 133.9 points in September 2015 and up from a level of 131.1 points in October 2014, recording a rise on a monthly basis of 0.3 per cent and a year-on-year rise of 2.4 per cent.

The report attributes the monthly rise in the index to the increases witnessed by ten of the main component sections of this index: education, which rose by 5.4 per cent; recreation and culture by 0.7 per cent; clothing and footwear by 0.5 per cent; and food and beverage by 0.3 per cent.