Saudi Arabia's annual inflation rate remained stable at 2 percent in November compared to the same month in 2023, driven primarily by higher housing costs, official data showed. Overall, costs for housing, water, electricity, gas, and other fuels rose by 9.1 percent compared to the previous year, underscoring the sector's influence on inflation. A World Bank report released in October projected that Saudi Arabia's inflation will remain steady at 2.1 percent in 2024 and 2.3 percent in 2025, well below the Gulf Cooperation Council average.