Saudi Gazette: GASTAT reports Saudi annual inflation dropped to 1.6% in March
In a recent report by the General Authority for Statistics (GASTAT), Saudi Arabia’s annual inflation rate decreased to 1.6% in the month of March. This drop in inflation marks a significant slowdown compared to previous months.
The decline in inflation can be attributed to various factors such as stable food prices and lower transportation costs. These factors have contributed to easing the overall cost of living for Saudi citizens.
GASTAT’s report provides valuable insights into the country’s economic landscape and helps policymakers make informed decisions to ensure sustainable growth and stability in the market.
Overall, the decrease in annual inflation signals positive trends for the Saudi economy and reflects efforts to maintain a healthy balance between supply and demand in key sectors.
