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.