Saudi May CPI up 2.2 percent year-on-year on food

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Saudi Arabia’s consumer price index rose 2.2 percent in May from a year earlier, government data showed on Wednesday, slowing from a 2.3 percent pace in April.

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The food and beverages segment rose 4.2 percent and transport prices were up 4 percent, the General Authority for Statistics said in a statement.

“Food and beverages prices were the main driver of the inflation rate in May 2022 due to their high relative importance in the Saudi consumer basket (with a weight of 18.8 percent),” it said.

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