Annual inflation rate in Saudi Arabia declined to 5.7 percent in September of 2020 from 6.2 percent in August, reaching the lowest rate since June. Prices rose softer for both food and beverages (12.6 percent vs 13.5 percent in August) and transport (7.8 percent vs 8.2 percent), while housing, water, electricity, gas and other fuels prices were unchanged, after a 0.2 percent gain in August. Also, prices increased less for furnishings, household equipment and maintenance (8.3 percent vs 8.4 percent), restaurants and hotels (7.1 percent vs 7.7 percent). In addition, prices of education dropped sharply (-8.3 percent vs 1.2 percent). On a monthly basis, consumer prices were down 0.2 percent, after a 0.2 percent rise in August. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 1.90 percent from 2000 until 2020, reaching an all time high of 11.10 percent in July of 2008 and a record low of -5 percent in December of 2018. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Inflation Rate in Saudi Arabia is expected to be 6.60 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 2.50 percent in 2021, according to our econometric models.

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Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.70 6.20 11.10 -5.00 2000 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 06:00 AM Jun 0.5% 1.1% 0.8%
2020-08-16 06:00 AM Jul 6.1% 0.5% 0.4%
2020-09-15 06:00 AM Aug 6.2% 6.1% 6.1%
2020-10-15 06:00 AM Sep 5.7% 6.2% 6.2%
2020-11-17 09:00 AM Oct 5.7% 6.3%
2020-12-22 09:00 AM Nov 6.3%


News Stream
Saudi Arabia Inflation Rate Eases to 3-Month Low
Annual inflation rate in Saudi Arabia declined to 5.7 percent in September of 2020 from 6.2 percent in August, reaching the lowest rate since June. Prices rose softer for both food and beverages (12.6 percent vs 13.5 percent in August) and transport (7.8 percent vs 8.2 percent), while housing, water, electricity, gas and other fuels prices were unchanged, after a 0.2 percent gain in August. Also, prices increased less for furnishings, household equipment and maintenance (8.3 percent vs 8.4 percent), restaurants and hotels (7.1 percent vs 7.7 percent). In addition, prices of education dropped sharply (-8.3 percent vs 1.2 percent). On a monthly basis, consumer prices were down 0.2 percent, after a 0.2 percent rise in August.
2020-10-15
Saudi Arabia Inflation Rate Highest in Over 11 Years
Annual inflation rate in Saudi Arabia edged up to 6.2 percent in August of 2020 from 6.1 percent in July, reaching the highest rate since February of 2009, after the government raised the VAT rate to 15 percent from 5 percent in July. The biggest upward pressure came from prices of food and beverages (13.5 percent), namely meat (17.3 percent) and vegetables (17.8 percent). Other big price increases were recorded for cigarettes (11.9 percent); telephone and fax services (10.8 percent); furniture and furnishings, carpets and other floor coverings (10.7 percent); vehicles (12.8 percent); and catering services (8.9 percent). On a monthly basis, consumer prices edged up 0.2 percent.
2020-09-15
Saudi Arabia Inflation Rate Highest Since 2010
The annual inflation rate in Saudi Arabia jumped to 6.1 percent in July of 2020 from 0.5 percent in the prior month. It was the highest inflation rate since August of 2010, after the value-added tax was tripled from 5 percent to 15 percent on 1st July. Prices advanced faster for food & beverages (14.3 percent vs 6.7 percent in June) and furnishing & household equipment (8.5 percent vs 1.4 percent) while cost rebounded for housing & utilities (0.2 percent vs -0.7 percent); transport (7.3 percent vs -5.2 percent); clothing & footwear (5.5 percent vs -1.1 percent) and communication (9.6 percent vs -0.6 percent). On a monthly basis, consumer prices rebounded 5.9 percent, from a 0.3 percent drop in June.
2020-08-16
Saudi Arabia Inflation Rate Falls to 6-Month Low Ahead VAT Increase
Saudi Arabia's annual inflation rate decreased to 0.5 percent in June of 2020 from 1.1 percent in the previous month, before the value-added tax was tripled from 5 percent to 15 percent on 1st July. It was the lowest inflation rate since deflation ended in December of 2019, as prices slowed for food & beverage (6.7 percent vs 7 percent in May): miscellaneous goods & services (1.8 percent vs 2.4 percent) and restaurants & hotels (0.2 percent vs 0.6 percent). In addition, cost fell further for housing& utilities (-0.7 percent vs -0.4 percent); transport (-5.2 percent vs -3.8 percent); clothing & footwear (-1.1 percent vs -0.9 percent) and communication (-0.6 percent vs -0.8 percent), Meantime, inflation was steady for furnishing & household equipment (at 1.4 percent). On a monthly basis, consumer prices went down 0.3 percent, the third monthly fall and following a 0.2 percent drop in May.
2020-07-15

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.