Jeddah report highest inflation among Saudi cities in December

17/01/2023 Argaam Special
Shopping cart

Shopping cart


Saudi Arabia’s inflation rose to 3.3% in December 2022, compared to the previous month, according to recent data by the General Authority for Statistics (GASTAT).

 

Inflation rose globally after the repercussions of the Corona pandemic, Russia-Ukraine war, impact of supply chains and rise in transportation costs.

 

Saudi Arabia is still among the lowest in inflation rates globally, as Minister of Finance Mohammed Al-Jadaan expected that inflation in the Kingdom to decline to about 2.5-2.6% in 2023, down from about 3.3% last year.

 

As for the inflation rate by city included in the report of GASTAT, all Saudi cities recorded an increase in varying proportions, with the exception of Arar, which recorded a negative inflation rate during the period.

 

Jeddah had the highest inflation at 6.8%, followed by Riyadh (3.8%) and Al Hofuf (3.3%).

 

Inflation is measured by the change percentage in the cost of living between the current period and the corresponding period of the previous year. The increase or decline of inflation is measured compared to the previous month.

 

The following is the inflation rate in Saudi cities for December 2022:

 

Inflation by City (December 2022)

City

 

Inflation rate (%)

Jeddah

 

 6.8%

Riyadh

 

 3.8%

Al Hofuf

 

 3.3%

Jizan

 

 3.0%

Makkah

 

 2.2%

Sakaka

 

 2.2%

Hail

 

 2.1%

Taif

 

 1.9%

Abha

 

 1.7%

Buraydah

 

 1.6%

Tabuk

 

 1.6%

Madina

 

 1.5%

Al Baha

 

 0.9%

Najran

 

 0.7%

Dammam

 

 0.1%

Arar

 

(0.1%)

All Cities

 

 3.3%

 

The bulletin covers data related to the consumer price index (CPI) for all 13 administrative regions of the Kingdom, which includes the following cities: Riyadh, Makkah, Jeddah, Taif, Madina, Qassim, Dammam, Al Hofuf, Abha, Tabuk, Hail, Arar, Jizan, Najran, Al Baha and Al Jouf by collecting prices through field visits to pre-defined points of sale and residential units.

 

The selection process in each city of the survey is based on the number of population as shown in the following table:

 

Selected Cities

Population

City

POS

More than 1 mln people

Riyadh, Makkah, Jeddah, Damman

10 POS

More than 400,000 and less than 1 mln people

Madina, Taif, Al Hofuf, Buraydah, Abha Tabuk

7 POS

Less than 400,000 people

Hail, Jizan Najran, Al Baha, Sakaka, Arar

5 POS

 

Jeddah is the highest in housing rents, 11 cities record decline

 

Housing, water, electricity, gas and other fuels' sector recorded an increase of about 19.2% in Jeddah, affected by actual housing rents, which recorded an increase of 23%.

 

This sector is the largest weight in calculating the general inflation rate at 25.5%.

 

Riyadh came second followed by Hail, while 11 cities recorded a decrease in housing rents in different proportions, as shown in the following table:

 

Inflation in December 2022 (Housing, Water, Electricity, Gas & Other Fuels)

City

Actual housing rents

Home maintenance and repair

Water supply and miscellaneous services related to housing

Electricity, gas and other fuels

Overall rate of the sector

Jeddah

 23.05%

(1.04%)

--

 1.00%

 19.24%

Riyadh

 9.25%

 4.70%

 3.62%

 1.11%

 7.87%

Hail

 3.35%

(3.94%)

--

 1.16%

 2.68%

Sakaka

 1.35%

 8.16%

 4.01%

 0.62%

 1.58%

Abha

 0.22%

 0.84%

--

 0.89%

 0.24%

Al Baha

(0.75%)

(1.79%)

 19.96%

 1.41%

 0.03%

Makkah

(0.85%)

 5.50%

 0.02%

 0.56%

(0.27%)

Madina

(1.32%)

 1.41%

--

 0.72%

(0.91%)

Dammam

(1.55%)

 4.51%

--

 1.30%

(1.14%)

Al Hofuf

(1.62%)

 0.29%

--

 0.69%

(1.25%)

Buraydah

(1.73%)

 1.17%

--

 1.25%

(1.37%)

Taif

(2.81%)

 2.57%

 1.96%

 1.40%

(2.41%)

Najran

(2.62%)

 5.35%

(5.87%)

(0.76%)

(2.53%)

Jizan

(3.80%)

 5.75%

--

 0.63%

(2.60%)

Tabuk

(3.32%)

 3.33%

--

 0.72%

(2.71%)

Arar

(6.63%)

 1.16%

(0.83%)

 1.43%

(5.76%)

All cities

 6.79%

3.73%

 1.25%

 0.97%

5.86%

 

Jizan records highest inflation rate in food sector, while Al Hofuf has the lowest

 

Jizan topped the highest inflation rate in the food and beverages sector at 9.9%, followed by Al Baha. Al Hofuf was the lowest at 0.4%.

 

It is noteworthy that this sector is the second highest weight in calculating the general inflation rate at 18.78%.

 

Inflation in December 2022 (Food & Beverage)

City

Food

Beverages

Overall rate of the sector

Jizan

 11.22%

 0.02%

 9.87%

Al Baha

 7.36%

 6.10%

 7.24%

Arar

 6.94%

 5.11%

 6.74%

Buraydah

 6.39%

 5.83%

 6.33%

Sakaka

 6.16%

 7.42%

 6.31%

Tabuk

 5.54%

 5.43%

 5.54%

Hail

 5.86%

 2.38%

 5.50%

Abha

 5.19%

 2.75%

 4.97%

Makkah

 5.02%

 3.55%

 4.87%

Taif

 4.74%

 1.29%

 4.42%

Riyadh

 4.60%

 0.88%

 4.23%

Madina

 3.42%

 3.63%

 3.46%

Jeddah

 3.02%

 3.49%

 3.07%

Dammam

 2.66%

 3.97%

 2.74%

Najran

 1.39%

 0.23%

 1.26%

Al Hofuf

 0.37%

 0.25%

 0.37%

All cities

 4.33%

 2.59%

 4.17%

 

Al Hofuf is the highest in transport, Al Baha is the lowest

 

Al Hofuf was the highest gainer in the transport sector at 14.6%, followed by Taif at 10.3%, as shown in the following table: 

 

Inflation in December 2022 (Transport)

City

Purchase of cehicles

Operating personal transport equipment

Transport services

Overall rate of the sector

Al Hofuf

 17.32%

 1.10%

(0.18%)

 14.61%

Taif

 17.09%

 0.79%

(0.88%)

10.31%

Dammam

 6.47%

 0.78%

 1.63%

 5.38%

Jizan

 3.35%

 5.35%

 8.47%

 4.60%

Jeddah

 4.37%

 2.59%

 10.45%

 4.36%

Makkah

 3.98%

 3.27%

 3.44%

 3.74%

Riyadh

 4.95%

 2.60%

(2.63%)

 3.56%

Tabuk

 1.97%

 6.11%

 5.92%

 3.46%

Buraydah

 3.69%

 1.27%

 5.39%

 3.02%

Hail

 1.74%

 0.07%

 7.98%

 1.19%

Abha

 1.07%

 1.32%

(8.51%)

 0.99%

Madina

0.93%

 0.78%

 0.30%

 0.85%

Najran

(2.24%)

 1.78%

 4.50%

 0.25%

Arar

(3.35%)

 1.65%

(3.36%)

(0.71%)

Sakaka

(4.65%)

 1.94%

(0.86%)

(0.85%)

Al Baha

(6.95%)

 2.93%

 6.81%

(5.03%)

All cities

5.04%

 2.39%

 2.13%

 4.05%

 

Najran saw the highest inflation in the miscellaneous personal goods and services' sector, followed by Jizan. 

 

Madina recorded the highest rate of inflation in furnishing, household equipment & maintenance, followed by Tabuk. 

 

Jizan came on top of inflation in the communications sector, followed by Arar.  

 

The CPI recorded the highest increase in restaurants and hotels sector in Makkah, followed by Najran and Arar. 

 

The index recorded the highest increase in clothes & footwear sector in Najran, followed by Sakaka, while recreation & culture sector saw the highest inflation in Al Baha, followed by Tabuk.

 

The education sector recorded the highest increase Al Hofuf, followed by Riyadh. On the other hand, the healthcare sector saw the highest rate in Jizan, followed by Makkah. 

 

Tobacco prices increased the most in Najran, followed by Makkah. 

 

The CPI reflects price changes of a fixed basket of goods and services that includes 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018. 

  

Prices are collected through the point of sale (POS) field visits. 

  

Relative Importance of Major Sectors 

Expenditure Groups (2018) 

Percentage 

General Index 

100.0% 

Housing, Water, Electricity, Gas & Other Fuels 

25.50% 

Food & Beverages 

18.78% 

Transport 

13.05% 

Personal Goods & Services 

12.57% 

Furnishing, Household Equipment & Maintenance 

6.74% 

Communication 

5.62% 

Restaurants & Hotels 

5.60% 

Clothes & Footwear 

4.20% 

Recreation & Culture 

3.06% 

Education 

2.87% 

Healthcare 

1.43% 

Tobacco 

0.60% 

 
 

Details and Historical Data of Inflation

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.