The inflation rate in the Kingdom remained relatively stable in the first quarter of 2023, reaching 3.4% in January, going down in February to 3%, and standing at 2.7% in March, achieving relative stability in the first quarter of 2023.
The Consumer Price Index for March 2023 reflects the stability of the Kingdom's inflation rates during the first quarter of 2023 due to the robustness of the Saudi economy, the Saudi Press Agency reported Thursday.
Royal orders to stabilize energy prices have clearly contributed to the stability of the Kingdom's inflation rates, despite their high rates in several countries around the world, SPA said.
