Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s inflation rate dropped to 1.7 percent in September, down from 2 percent in August, due to stable prices in all sectors, according to the General Authority for Statistics (GAStat). September’s inflation rate is the lowest since February 2022 when it was 1.6 percent.
- Saudi Arabia’s rental index rose by 22 percent in September 2023, compared to the same period last year, according to GAStat.
- Saudi Arabia’s real estate price index rose by 0.7 percent in the third quarter YoY, fueled by an increase in residential property values, according to the Ministry of Justice.
