Post by : Saif Nasser
Saudi Arabia’s annual inflation rate eased to 1.9% in November, down from 2.2% in October, according to official government data released on Monday. This marks a modest slowdown after the kingdom’s inflation had generally stayed between 2.1% and 2.3% for most of the year.
The consumer price index (CPI), which measures inflation, shows that housing rental costs rose 5.4% while passenger transport prices went up 6.4%. Rising housing costs have been a major factor keeping inflation near 2% throughout 2025.
To control rising rents, Saudi Arabia’s real estate authority introduced new regulations in September. These rules include a five-year suspension on annual rental increases for both residential and commercial properties located within Riyadh’s urban boundaries. The measures aim to reduce the pressure of high rents on residents and businesses in the capital city.
Earlier this year, the government also passed a Real Estate Ownership and Investment Law. Once implemented next year, it will allow foreigners to purchase property more easily, which is expected to attract investment and support urban development.
Saudi Arabia is undertaking several major construction projects around Riyadh as part of its Vision 2030 program. These developments aim to diversify the economy away from oil by boosting tourism, housing, and private sector growth.
Overall, the slowdown in inflation is a positive sign for the Saudi economy. It suggests that the measures to control housing costs, combined with careful management of the broader economy, are helping to stabilize prices. The government’s continued efforts to expand investment and improve infrastructure are likely to further support economic stability in the coming years.
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