Saudi Arabia's wholesale price index (WPI) increased by 2.4 per cent year on year (YoY) in October, driven primarily by a 5.4 per cent rise in other transportable goods. On a month-on-month (MoM) basis, the WPI decreased by 0.2 per cent in the same period. The annual increase was largely due to a 12.0 per cent rise in refined petroleum products and a 9.6 per cent increase in furniture and other transportable goods. Prices for agricultural and fishing products grew by 0.8 per cent, while metal products, machinery, and equipment saw a 0.5 per cent rise. Conversely, ores and minerals fell by 2.7 per cent, and food products, beverages, tobacco, and textiles dropped by 0.1 per cent. Monthly Trends On a monthly basis, the WPI's drop by 0.2 per cent in the reporting period was mainly due to a 0.6 per cent fall in other transportable goods prices. Agricultural and fishery product prices rose by 0.4 per cent, while food products saw a slight 0.1 per cent increase. Prices of ores and minerals grew by 0.1 per cent, while metal products, machinery, and equipment remained stable. Attribution: Wholesale Price Index October 2024 Subediting: M. S. Salama
