Saudi inflation holds at 1.8% in August as housing and food costs climb

RIYADH: Saudi Arabia’s inflation held at 1.8 percent in August for the fourth-straight month, as housing, food and transport costs continued to drive consumer prices higher, official data showed. The annual increase matched July’s reading, while the Consumer Price Index rose 0.1 percent from the previous month, according to data from the General Authority for Statistics. This increase was mainly driven by a rise in housing, water, electricity, gas, and other fuel prices by 3.9 percent, food an