Saudi Arabia's consumer prices edged up 0.2 percent year-on-year in December of 2019, recovering from a 0.2 percent drop in the previous month. It was the first increase in consumer prices since December 2018, as prices advanced faster for food & non-alcoholic beverages (2.2 percent vs 1.1 percent in November); transport (1.3 percent vs 0.9 percent); restaurants & hotels (2.6 percent vs 2.4 percent) and health (1.9 percent vs 1.8 percent) while communication cost rebounded (0.2 percent vs -0.4 percent). In addition, prices dropped at a softer pace for housing & utilities (-3.7 percent vs -3.8 percent) and clothing & footwear (-0.5 percent vs -0.6 percent). On the other hand, cost slowed for furniture & household equipment (1.8 percent vs 1.9 percent); miscellaneous goods & services (2.6 percent vs 2.7 percent) and recreation & culture (0.1 percent vs 0.2 percent). On a monthly basis, consumer prices rose 0.1 percent, rebounding form a 0.1 percent drop in November.

Inflation Rate in Saudi Arabia averaged 2.44 percent from 2000 until 2019, reaching an all time high of 11.10 percent in July of 2008 and a record low of -2.20 percent in February of 2019. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Saudi Arabia to stand at 2.50 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.


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Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.20 11.10 -2.20 2000 - 2019 percent Monthly
2013=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 06:50 AM Sep -0.7% -1.1% -0.9%
2019-11-19 09:00 AM Oct -0.3% -0.7% -0.6%
2019-12-23 02:50 AM Nov -0.2% -0.3% 0.2%
2020-01-21 08:00 AM Dec 0.2% -0.2% 0.4%
2020-02-18 09:00 AM Jan 0.2% 0.7%


News Stream
2019-12-23
Saudi Arabia Consumer Prices Fall for 11th Month
Saudi Arabia's consumer prices dropped 0.2 percent year-on-year in November of 2019, following a 0.3 percent decline in the previous month. It was the eleventh consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-3.8 percent vs -4.2 percent in October); clothing & footwear (-0.6 percent vs -0.8 percent), and communication (-0.4 percent vs -0.5 percent). In addition, prices increased faster for restaurants & hotels (2.4 percent vs 2.0 percent). Meanwhile, prices advanced softer for food & non-alcoholic beverages (1.1 percent vs 1.2 percent); transport (0.9 percent vs 1.0 percent), and miscellaneous goods & services (2.7 percent vs 2.8 percent). On the other hand, inflation was steady for furniture & household equipment (at 1.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, after increasing by 0.2 percent in the previous month.

2019-11-19
Saudi Consumer Prices Fall the Least in 10 Months
Saudi Arabia's consumer prices dropped 0.3 percent year-on-year in October of 2019, following a 0.7 percent decline in the previous month. It was the tenth consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-4.2 percent vs -5.6 percent in September) and communication (-0.5 percent vs -0.4 percent). In addition, prices advanced faster for furniture & household equipment (1.9 percent vs 1.3 percent); miscellaneous goods & services (2.8 percent vs 2.5 percent) and restaurants & hotels (2.0 percent vs 1.9 percent) while clothing & footwear cost dropped at a softer pace (-0.8 percent vs -1.2 percent). In contrast, food & non-alcoholic beverages inflation was steady (at 1.2 percent) while transport cost rose less (1.0 percent vs 1.1 percent). On a monthly basis, consumer prices increased 0.2 percent, the same as in the previous month.

2019-10-21
Saudi Consumer Prices Fall the Least in 9 Months
Saudi Arabia's consumer prices dropped 0.7 percent year-on-year in September of 2019, following a 1.1 percent decline in the previous month. It was the ninth consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-5.6 percent vs -6.5 percent in August) and communication (-0.4 percent vs -0.8 percent). In addition, prices advanced faster for food & non-alcoholic beverages (1.2 percent vs 1.0 percent); miscellaneous goods & services (2.5 percent vs 1.8 percent); restaurants & hotels (1.9 percent vs 1.0 percent) and education (2.3 percent vs 1.3 percent) while recreation & culture cost rebounded (0.3 percent vs -0.2 percent). On the other hand, prices slowed for transport (1.1 percent vs 1.3 percent) and furniture & household equipment (1.3 percent vs 1.4 percent) while clothing & footwear cost dropped (-1.2 percent vs a flat reading). On a monthly basis, consumer prices increased 0.2 percent, following a 0.1 percent rise in August.

2019-09-24
Saudi Consumer Prices Fall the Least in 8 Months
Saudi Arabia's consumer prices dropped 1.1 percent year-on-year in August of 2019, following a 1.3 percent decline in the previous month. It was the eighth consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-6.5 percent from -6.7 percent in July) and recreation & culture (-0.2 percent vs -0.4 percent). In addition, prices advanced faster for food & non-alcoholic beverages (1.0 percent vs 0.1 percent); furniture & household equipment (1.4 percent vs 0.8 percent) and miscellaneous goods & services (1.8 percent vs 1.4 percent). On the other hand, cost slowed for transport (1.3 percent vs 1.6 percent) and restaurants & hotels (1.0 percent vs 1.5 percent) while inflation was steady for education (at 1.3 percent) and health (at 1.0 percent). On a monthly basis, consumer prices increased 0.1 percent, at the same pace as in July.

2019-08-27
Saudi Consumer Prices Fall the Least in 7 Months
Saudi Arabia's consumer prices dropped 1.3 percent year-on-year in July 2019, following a 1.4 percent decline in the previous month. It was the seventh consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-6.7 percent from -7.2 percent in June); clothing & footwear (-0.3 percent vs -0.5 percent) and communication (-0.6 percent vs -0.7 percent). In addition, prices advanced faster for transport (1.6 percent vs 0.9 percent); miscellaneous goods & services (1.4 percent vs 1.0 percent) and health (1.0 percent vs 0.5 percent) while furniture & household equipment cost rebounded (0.8 percent vs -0.2 percent). On the other hand, prices rose less for food & beverages (0.1 percent vs 1.3 percent) and restaurants & hotels (1.5 percent vs 1.9 percent) while inflation was steady for education (at 1.3 percent) and tobacco (at 0.1 percent). On a monthly basis, consumer prices increased 0.1 percent, following a 0.2 percent rise in June.

2019-07-23
Saudi Arabia Consumer Prices Fall the Least in 6 Months
Saudi Arabia’s consumer prices decreased 1.4% year-on-year in June of 2019, less than a 1.5% fall in the prior month. It was the sixth consecutive month of deflation, though prices fell the least in the current sequence which began in January. Cost dropped at a softer pace for housing & utilities (-0.4% from -7.2%) and communication (-0.7% from -1.0%). In addition, prices rebounded for recreation & culture (0.2% from -1.1%) and advanced further for food & beverage (1.3% from 1.8%); transport (0.9% from 0.5%); miscellaneous goods & services (1.0% from a flat reading) and restaurants & hotels (1.9% from 1.5%). Meantime, inflation was steady for education (at 1.3%); health (at 0.5%) and tobacco (at 0.1%) while cost fell for furniture & household equipment (-0.2% from a flat reading) and clothing & footwear (-0.5% from 0.3%). On a monthly basis, consumer prices went up 0.2%, following a 0.1% gain in May.


Saudi Arabia Inflation Rate
In Saudi Arabia, the most important categories in the consumer price index are Food and beverage (22 percent of total weight); Housing, water, electricity, gas and other fuels (21 percent); Transport (10 percent); Furnishings, household equipment and routine household (9 percent); and Clothing and footwear, and Communication (8 percent each). The index also includes: Miscellaneous goods and services (7 percent); and Restaurants and hotels (6 percent). Recreation and culture, education, health and tobacco account for the remaining 9 percent.

Saudi Arabia Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 -0.20 11.10 -2.20 percent [+]
Consumer Price Index CPI 106.50 106.40 114.80 84.80 points [+]
Food Inflation 2.20 1.10 7.70 -4.30 percent [+]
Inflation Rate Mom 0.10 -0.10 3.90 -0.69 percent [+]
GDP Deflator 112.10 100.53 120.17 5.00 points [+]
Cpi Housing Utilities 102.30 102.70 113.80 90.70 points [+]
CPI Transportation 120.60 120.20 121.30 91.50 points [+]
Producer Prices 121.20 120.70 121.20 98.00 points [+]
Producer Prices Change 3.30 3.30 17.00 -5.36 percent [+]