Saudi Arabia's consumer prices dropped 1.5 percent year-on-year in May 2019, following a 1.9 percent decline in the previous month. It was the fifth consecutive month of deflation, though prices fell the least in the current sequence which began in January. Cost fell less for housing & utilities (-7.5 percent from -7.8 percent in April); communication (-1.0 percent from -1.2 percent). In addition, inflation accelerated for: food & beverages (1.8 percent from 1.0 percent); transport (0.5 percent from 0.3 percent), and restaurants & hotels (1.5 percent from 1.3 percent) while clothing & footwear prices rebounded (0.3 percent from -1.0 percent). Meantime, inflation was flat for furnishings & household equipment (from -0.3 percent).On a monthly basis, consumer prices edged up 0.1 percent, after a flat reading in the prior month. Inflation Rate in Saudi Arabia averaged 2.55 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.

Inflation Rate in Saudi Arabia is expected to be -1.50 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 2.70 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Saudi Arabia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-19 08:00 AM Inflation Rate YoY Feb -2.2% -1.9% -1.7%
2019-04-23 11:45 AM Inflation Rate YoY Mar -2.1% -2.2% -2%
2019-05-21 08:00 AM Inflation Rate YoY Apr -1.9% -2.1% -1.9%
2019-06-19 06:00 AM Inflation Rate YoY May -1.5% -1.9% -1.8%
2019-07-23 09:00 AM Inflation Rate YoY Jun -1.5% -1.5%
2019-08-28 07:00 AM Inflation Rate YoY Jul -1.6%
2019-09-25 05:50 AM Inflation Rate YoY Aug -1.6%


Saudi Arabia Prices Last Previous Highest Lowest Unit
Inflation Rate -1.50 -1.90 11.10 -2.20 percent [+]
Consumer Price Index CPI 105.70 105.60 114.80 84.80 Index Points [+]
Food Inflation 1.80 1.00 7.70 -4.30 percent [+]
Inflation Rate Mom 0.10 0.00 3.90 -0.69 percent [+]
GDP Deflator 126.49 96.00 126.49 5.00 Index Points [+]
Cpi Housing Utilities 103.20 103.60 113.80 90.70 Index Points [+]
CPI Transportation 119.70 119.60 119.80 91.50 Index Points [+]
Producer Prices 119.10 118.20 119.10 98.00 Index Points [+]
Producer Prices Change 2.20 1.10 17.00 -5.36 percent [+]


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. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -1.90 11.10 -2.20 2000 - 2019 percent Monthly
2013=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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