Saudi Arabia's annual inflation rate dropped to 1.3% in April of 2020 from 1.5% in the previous month, as the pandemic crisis affected consumer spending. Prices slowed mostly for recreation & culture (0.7% vs 0.9% in March); restaurants & hotels (0.7% vs 1.3%) and clothing & footwear (0.2% vs 0.3%). In addition, costs decreased for transport (-0.4% vs 3.7%); housing & utilities (-0.5%, the same pace as in March); communication (-0.6%, the same pace as in March) and health (-0.3% vs -0.2%). In contrast, inflation picked up for food & non-alcoholic beverages (6.1% vs 3.9%). On a monthly basis, consumer prices went down 0.1%, after increasing 0.1% in the prior month.

Inflation Rate in Saudi Arabia averaged 1.86 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 May of 2020. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia is expected to be 0.60 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 1.90 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 2.30 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.50 11.10 -5.00 2000 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-18 09:00 AM Jan 0.4% 0.2% 0.7%
2020-03-25 06:00 AM Feb 1.2% 0.4% 0.3%
2020-04-22 06:00 AM Mar 1.5% 1.2% 1.3%
2020-05-20 11:30 AM Apr 1.3% 1.5% 1.3%
2020-06-16 09:00 AM May 1.3% 1.1%
2020-07-21 09:00 AM Jun 0.8%
2020-08-18 09:00 AM Jul 0.6%
2020-09-22 09:00 AM Aug


News Stream
Saudi Arabia Inflation Rate Edges Down to 1.3% in April
Saudi Arabia's annual inflation rate dropped to 1.3% in April of 2020 from 1.5% in the previous month, as the pandemic crisis affected consumer spending. Prices slowed mostly for recreation & culture (0.7% vs 0.9% in March); restaurants & hotels (0.7% vs 1.3%) and clothing & footwear (0.2% vs 0.3%). In addition, costs decreased for transport (-0.4% vs 3.7%); housing & utilities (-0.5%, the same pace as in March); communication (-0.6%, the same pace as in March) and health (-0.3% vs -0.2%). In contrast, inflation picked up for food & non-alcoholic beverages (6.1% vs 3.9%). On a monthly basis, consumer prices went down 0.1%, after increasing 0.1% in the prior month.
2020-05-20
Saudi Arabia March Inflation Rate Highest since 2016
Saudi Arabia's annual inflation rate rose to 1.5% in March of 2020 from 1.2% in the previous month. It was the highest inflation rate since October of 2016, as prices advanced faster for food & beverages (3.9% vs 3.4% in February), namely meat (5.5%) and vegetables (12.7%); recreation & culture (0.9% vs 0.4%) and miscellaneous goods & services (1.7% vs 1.2%). Meantime, inflation remained steady for transport (at 3.7%); restaurants & hotels (at 1.3%); clothing & footwear (at 0.3%) and education (at 1.5%). On the other hand, costs fell for housing & utilities (-0.5% vs -0.7%); health (-0.5%, the same pace as in February) and communicatijn (-0.6%, the same pace as in February). On a monthly basis, consumer prices edged up 0.1%, after increasing 0.3% in the previous month.
2020-04-22
Saudi Arabia February Consumer Prices Rise for 3rd Month
Saudi Arabia's consumer prices increased 1.2 percent year-on-year in February of 2020, following a 0.4 percent rise in the previous month. It was the third straight month increase in consumer prices, as prices advanced faster for transport (3.7% vs 1.5% in January); food & beverages (3.4% vs 2.2%), while those of clothing & footwear rebounded (0.3% vs -0.6%). Meantime, costs rose less for miscellaneous goods & services (1.2% vs 3.1%); restaurants & hotels (1.3% vs 3.2%); recreation & culture (0.4% vs 1.5%); and tobacco (0.4% vs 1.9%), as the coronavirus outbreak started to impact the region. Also, prices fell for housing & utilities (-0.7% vs -3.3%); health (-0.5% vs 2.2%) and communication (-0.6% vs -0.1%). On a monthly basis, consumer prices went up 0.3 percent, after a 0.1 percent drop in January.
2020-03-25
Saudi Arabia Consumer Prices Rise For 2nd Month
Saudi Arabia's consumer prices edged up 0.4 percent year-on-year in January of 2020, following a 0.2 percent rise in the previous month. It was the second increase in consumer prices since December 2018, as prices advanced faster for transport (1.5 percent vs 1.3 percent in December); miscellaneous goods & services (3.1 percent vs 2.6 percent); restaurants & hotels (3.2 percent vs 2.6 percent); recreation & culture (1.5 percent vs 0.1 percent); health (2.2 percent vs 1.9 percent) and tobacco (1.9 percent vs a flat reading). In addition, housing & utilities cost fell at a softer pace (-3.3 percent vs -3.7 percent). On the other hand, food & beverages inflation was steady (at 2.2 percent) while prices dropped for communication (-0.1 percent vs 0.2 percent) and clothing & footwear (-0.6 percent vs -0.5 percent). On a monthly basis, consumer prices went down 0.1 percent, after a 0.1 percent increase in December.
2020-02-18

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.