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FINANCIAL NEWS
Saudi Q2 house rents grow 7.2%
24 Aug 2011
(MENAFN) Saudi Arabian Monetary Agency (SAMA) said that due to supply shortages and strong demand, in the second quarter of the year, house rents and related items grew by 7.2 percent, reported Emirates 24/7.
The country’s central bank added that also in the quarter, the prices of foodstuffs and beverages were high; they rose by around 5.7 percent, whereas transport and telecom’s recorded a 2.3 percent increase, and medical care costs grew 1.5 percent.
It also said that clothing and footwear in the period declined by 0.1 percent, while home furniture went down by 0.5 percent, moreover, in 2010, they fell 0.7 percent.
It is worth noting that Saudi’s inflation went down from 4.9 percent in the year’s first quarter to 4.5 percent in the second quarter, whereas it grew by 4.9 percent year-on-year last month from around 4.7 percent in June.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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