Saudi Arabia's annual inflation rate reaches 1.6 pct in Aug.

RIYADH, Sept. 15 (Xinhua) -- The Saudi General Authority for Statistics announced on Sunday that the annual inflation rate in the kingdom reached 1.6 percent in August.

The authority highlighted in a report that the percentage is primarily attributed to an 8.9 percent rise in the prices of housing, water, electricity, gas and other fuels, and a 0.9 percent increase in the prices of food and beverages.