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Saudi Gazette
6 days ago
- Business
- Saudi Gazette
GASTAT: Inflation falls to 2.2% in May
Saudi Gazette report RIYADH — The annual inflation rate in Saudi Arabia remained relatively stable at 2.2 percent in May 2025 compared to the same month last year. Consumer Price Index or inflation recorded a decrease of 0.1 percent in May compared to the previous month of April when it stood at 2.3 percent, according to the monthly statistics bulletin published on Sunday by the General Authority for Statistics (GASTAT). Saudi Arabia continues to record one of the lowest inflation rates among G20 countries. This slight fall in inflation is attributed mainly to 0.2 percent decrease in the transportation index, a 0.1 percent decrease in the entertainment and culture index, a 0.7 percent decrease in the home furnishings and equipment index, a 0.4 percent decrease in the clothing and footwear index, and a 0.1 percent decrease in the communications index. The prices of restaurants and hotels, education, and health indexes remained relatively unchanged in May 2025. The GASTAT report showed that there has been a 0.3 percent increase in the housing, water, electricity, gas, and fuel index, driven by a 0.4 percent increase in actual housing rental prices. The index also saw a 0.1 percent increase in the food and beverages index, a 0.5 percent increase in the miscellaneous goods and personal services index, and a 0.2 percent increase in the tobacco index. On an annual basis, the housing, water, electricity, gas, and fuel index rose by 6.8 percent, driven by an 8.1 percent increase in housing rents in May 2025, impacted by a 7.1 percent increase in villa rental prices. This increase had a significant impact on the continued pace of annual inflation in May 2025, given its weight of 25.5 percent. The report showed that the prices of food and beverages rose by 1.6 percent, driven by a 2.8 percent increase in meat and poultry prices. The education index recorded a 1.3 percent increase, impacted by a 5.6 percent increase in post-secondary education fees. The miscellaneous personal goods and services index also rose by 4 percent, impacted by a 24.4 percent increase in the prices of jewelry, watches, and valuable antiques. The restaurants and hotels index recorded a 1.8 percent increase, driven by a 1.6 percent increase in catering services prices. On the other hand, prices in the home furnishings and equipment section decreased by 2.5 percent, affected by a 4 percent decrease in furniture, carpets, and floor coverings. Prices in the clothing and footwear section decreased by 0.9 percent, due to a 2.7 percent decrease in footwear prices. The transportation section also recorded a 0.8 percent decrease, affected by a 1.9 percent decrease in vehicle purchase prices. In a related context, the GASTAT announced a 2 percent year-on-year increase in the Kingdom's wholesale price index during May 2025, compared to the same month in 2024. This increase was primarily attributed to a 4.4 percent increase in agricultural and fishing products, as well as a 4.3 percent increase in other transportable goods. The authority stated that agricultural and fishing product prices rose by 4.4 percent in May 2025, compared to May 2024, driven by a 2.6 percent increase in agricultural product prices and a 6.1 percent increase in fish and other fishery products. The price index for other transportable goods—excluding metal products, machinery, and equipment—also saw a 4.3 percent increase, driven by an 8.2 percent increase in refined petroleum products prices and a 9 percent increase in furniture and other transportable goods not elsewhere classified. Prices of food, beverages, tobacco, and textiles also rose by 0.3 percent, driven by a 1.6 percent rise in prices of grain mills, starch, and other food products, as well as a 1.6 percent rise in prices of leather, leather products, and footwear. On the other hand, prices of raw materials and metals decreased by 1.5 percent, due to a 1.5 percent decline in stone and sand prices. Prices of metal products, machinery, and equipment also decreased by 0.3 percent, driven by a 5.1 percent decline in prices of radio, television, and communications equipment and devices, and a 3.3 percent decline in prices of general-purpose machinery. On a monthly basis, the wholesale price index remained stable in May 2025 compared to April 2025, driven by a 0.1 percent rise in prices of other transportable goods—excluding metal products, machinery, and equipment—due to a 0.9 percent rise in prices of basic chemicals and a 0.3 percent rise in prices of glass and non-metallic products.
Leaders
6 days ago
- Business
- Leaders
GASTAT: Saudi Arabia's Inflation Holds Steady at 2.2% in May 2025
The General Authority for Statistics (GASTAT) reported that Saudi Arabia's Consumer Price Index (CPI) recorded an annual inflation rate of 2.2% in May 2025, maintaining a stable level compared to the same month last year. This figure keeps the Kingdom among the G20 nations with the lowest inflation rates. The CPI tracks price changes for a fixed basket of 490 goods and services, selected based on the 2018 Household Income and Expenditure Survey. Data is collected through field visits to various retail outlets, and CPI figures are released monthly. Related Topics: Saudi Arabia, Netherlands Discuss Trade Cooperation ROSHN Green Initiative Center: Inspiring Future Environmental Leaders Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities All You Need to Know about Hajj Rituals: A Step-by-Step Guide Short link : Post Views: 1 Related Stories
Saudi Gazette
11-06-2025
- General
- Saudi Gazette
420,070 personnel served 1.67 million pilgrims during Hajj 2025: GASTAT
Saudi Gazette report RIYADH — The General Authority for Statistics (GASTAT) on Tuesday released its official Hajj 2025 Statistical Bulletin, revealing that 420,070 individuals from both the public and private sectors, including security agencies, served the 1,673,230 pilgrims who performed Hajj this year. Of those working in the service of pilgrims, 92% were men and 8% were women. The total also included 34,540 volunteers — male and female — who collectively contributed 2,134,398 volunteer hours within the holy sites during the Hajj season. GASTAT's data also showed that 314,337 pilgrims benefited from the 'Makkah Route Initiative,' representing 20.9% of all foreign pilgrims. The initiative, launched in 2017, streamlines the arrival process for pilgrims from eight countries by conducting pre-travel immigration procedures. The bulletin reaffirmed previously released figures, stating that a total of 1,673,230 pilgrims performed Hajj this year. This included 1,506,576 foreign pilgrims arriving through various entry points and 166,654 domestic pilgrims, comprised of both Saudi citizens and of the total pilgrim count, 877,841 were men and 795,389 were said its data relies on administrative records from the Ministry of Interior, providing a high degree of reliability and accuracy. These records cover the full range of pilgrim demographics and services provided, following a statistical methodology applied consistently over the past five years.
Saudi Gazette
10-06-2025
- Business
- Saudi Gazette
GASTAT: Saudi Industrial Production Index rises by 3.1% in April 2025
Saudi Gazette report RIYADH — Saudi Arabia's Industrial Production Index (IPI) recorded an increase of 3.1 percent during the month of April 2025 compared to the same month in 2024. According to the results of the IPI for the month of April 2025, released on Tuesday by the General Authority for Statistics (GASTAT), the mining and quarrying sub-index rose by 0.2 percent year-on-year, while the manufacturing sub-index recorded a 7.4 percent increase. The GASTAT bulletin also reported a 0.2 percent decrease in the sub-index for electricity, gas, steam, and air conditioning supply activities, whereas the sub-index for water supply, sewage, waste management, and treatment activities increased by 8.8 percent compared to April of the previous year. Based on key economic activities, the bulletin further revealed a 4.3 percent year-on-year increase in the index for oil-related activities in April 2025, and a 0.1 percent rise in the index for non-oil activities. GASTAT issues IPI every month to measure relative changes in industrial production volumes. The index is based on data from the Industrial Production Survey, which is conducted on a sample of establishments operating in targeted industrial sectors, including mining and quarrying; manufacturing, electricity, gas, steam, and air conditioning supply; and water supply, sewage, waste management, and treatment activities.
Leaders
09-06-2025
- Business
- Leaders
GASTAT Reports 3.4% Growth in Real GDP for Q1 2025
The General Authority for Statistics (GASTAT) has released its latest report on Saudi Arabia's real Gross Domestic Product (GDP) for the first quarter of 2025, showing a 3.4% year on year increase compared to Q1 2024. This growth was largely fueled by a 4.9% expansion in non-oil activities and a 3.2% rise in government activities. In contrast, oil-related activities declined by 0.5% over the same period. On a seasonally adjusted basis, real GDP grew by 1.1% compared to the fourth quarter of 2024. According to GASTAT, non-oil activities were the main drivers of annual GDP growth, contributing 2.8 percentage points. Government activities and net product taxes also supported growth, contributing 0.5 and 0.2 percentage points, respectively. Most sectors experienced positive annual growth. Notably, the wholesale and retail trade, along with restaurants and hotels, recorded the strongest performance, posting an 8.4% annual growth rate and a 0.7% increase from the previous quarter. Related Topics: GASTAT Reports 13.4% Growth in Non-Oil Exports in Q1 2025, 10.7% Increase in March ROSHN Green Initiative Center: Inspiring Future Environmental Leaders Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities All You Need to Know about Hajj Rituals: A Step-by-Step Guide Discover Top Hotels Near Masjid Al-Haram for Hajj 2025 Short link : Post Views: 18 Related Stories
