Saudi wholesale prices up 16%

Riyadh - Mubasher: The general wholesale price index in Saudi Arabia rose by 15.9% year-on-year in August.

The prices of metals and raw materials increased by 9.3%, while other commodities increased by 35.7%, according to the General Authority for Statistics.

Introducing the value-added tax (VAT) and new fuel prices contributed the most to the rise in prices, that went up by 0.1% compared with the previous months.

Mubasher Contribution Time: 26-Sep-2018 12:50 (GMT)
Mubasher Last Update Time: 26-Sep-2018 12:50 (GMT)