Rabat / Anadolu

Inflation in Saudi Arabia stabilized at 1.8% in June, year-on-year, according to official data.

The General Authority for Statistics (official) announced in a statement on Wednesday that the inflation rate recorded the same rate as in May.

On a monthly basis, inflation rose 0.2% in June, after a similar increase in May 2026, according to the authority.

Countries in the region and the world are working to accelerate measures to curb inflation due to the repercussions of the US-Israeli aggression on Iran.

The Strait of Hormuz witnessed disruptions, closures, and navigation restrictions by Iran and the United States, amid the US-Israeli war on Iran, which erupted on February 28, 2026.

The tensions in the strait led to supply chain disruptions and an increase in oil prices, affecting inflation rates globally.

Previously, Washington and Tehran signed a memorandum of understanding in June that included a ceasefire, mediated by Qatar and Pakistan, in preparation for a final agreement to end the war.

However, US President Donald Trump announced on July 8 that the ceasefire had ended following renewed escalation between the two sides.