Saudi Crown Prince Chairs Meeting of Council of Economic and Development Affairs

Prince Mohammed bin Salman, Crown Prince an Prime Minister, during a cabinet meeting in Riyadh on Tuesday. (SPA)
Prince Mohammed bin Salman, Crown Prince an Prime Minister, during a cabinet meeting in Riyadh on Tuesday. (SPA)
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Saudi Crown Prince Chairs Meeting of Council of Economic and Development Affairs

Prince Mohammed bin Salman, Crown Prince an Prime Minister, during a cabinet meeting in Riyadh on Tuesday. (SPA)
Prince Mohammed bin Salman, Crown Prince an Prime Minister, during a cabinet meeting in Riyadh on Tuesday. (SPA)

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, chaired a meeting for the council on Tuesday.

The council reviewed several economic and development issues, including a presentation submitted by the Ministry of Economy and Planning regarding local and global economic development.

The presentation included details of the most important indicators related to the national economy, especially the growth witnessed by the sectors of the national economy, as well as a large number of other sectors and activities during the past period.

It also reviewed the prospects of the global economy during the coming period and an analysis of the most prominent indicators.

The council discussed the presentation submitted by the Strategic Management Office of the Council regarding the governance of the Kingdom's Vision 2030 and the roles of the supporting agencies.

It reviewed a presentation submitted by the Ministry of Health regarding the latest health developments related to the COVID-19 pandemic and a presentation by the Project Management Office at the Secretariat of the Council regarding the follow-up on decisions and recommendations of the Council during the fourth quarter of the past year 2022.

The council made the necessary decisions and recommendations regarding these issues.



GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters
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GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters

The annual inflation rate in Saudi Arabia reached 1.9% in December 2024, according to the General Authority for Statistics (GASTAT).

The Kingdom has the lowest inflation rates among the G20 countries.

The Consumer Price Index (CPI) reflects changes in prices paid by consumers for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the household expenditure and income survey conducted in 2018. Prices are collected through on-site visits to sales points.

CPI statistics are published monthly.