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.