#Saudi inflation edges up to 3.3% in December | Reuters

Saudi inflation edges up to 3.3% in December | Reuters

Saudi Arabia's annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on Sunday, with price rises again driven mainly by housing costs.

Prices rose 0.3% month on month in December, compared with a 0.1% monthly rise in November, Saudi Arabia's General Authority for Statistics said.

Housing, water, electricity, gas and other fuels, with a 25.5% weight of the consumer basket, rose 5.9% from a year earlier and were 0.9% higher compared with November.

The statistics authority said the rise was "as a result of the increase in actual rentals for housing by 1.1%."