Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
16-02-23
GASTAT: Inflation in Saudi Arabia rises 0.2 percent to reach 3.4 percent
(MENAFN) Saudi Arabia’s inflation rate saw a surge of 0.2 percentage points on a monthly basis in January this year in an indication that the Kingdom is getting to grips with the cost rises sweeping the world, in line with data issued by the General Authority for Statistics.
Inflation stood at 3.4 percent higher as of last month in comparison with the same month last year, mainly triggered by the surging costs of accommodation, water, electricity, gas, as well as additional fuels which went higher by 6.6 percent.
Food and beverages prices saw an increase of 4.2 percent. Saudi Arabia’s yearly inflation rate in January this year is the peakiest since June 2021, when it reached 6.6 percent.
“Prices for housing were the main driver of the inflation rate in January 2023 due to their high relative importance in the Saudi consumer basket with a weight of 25.5 percent,” according to what was written in the GASTAT report.
MENAFN16022023000045014228ID1105583721
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us