Saudi Arabia's consumer prices declined 2.2 percent from a year earlier in February 2019, after a 1.9 percent decrease in the previous month. It was the largest fall in consumer prices since at least January 2000, when series began, as the impact of VAT implementation in 2018 faded. Cost dropped further for housing and utilities (-8.2 percent from -7.7 percent in January) and furnishings & household equipment (-0.7 percent from -0.2 percent). Meanwhile, prices declined at the same pace for transport (-0.8 percent, the same as in January); clothing & footwear (-1.2 percent) and communication (-1 percent). In addition, inflation slowed for food & beverages (0.8 percent from 1.4 percent) and restaurants & hotels (1.5 percent from 1.8 percent). On a monthly basis, consumer prices went down 0.2 percent, following a 0.3 percent decrease in January. Inflation Rate in Saudi Arabia averaged 2.59 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 -1.60 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 -1.70 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Saudi Arabia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-25 06:00 AM Inflation Rate YoY 2.8% 2.4% 2.2%
2019-01-22 09:00 AM Inflation Rate YoY 2.2% 2.8% 2.1%
2019-02-19 11:00 AM Inflation Rate YoY -1.9% 2.2% 1.8%
2019-03-19 08:00 AM Inflation Rate YoY -2.2% -1.9% -1.7%
2019-04-24 08:00 AM Inflation Rate YoY -2.2% -1.6%
2019-05-27 07:00 AM Inflation Rate YoY -1.7%
2019-06-27 06:40 AM Inflation Rate YoY -1.8%


Saudi Arabia Prices Last Previous Highest Lowest Unit
Inflation Rate -2.20 -1.90 11.10 -2.20 percent [+]
Consumer Price Index CPI 105.70 105.90 114.80 84.80 Index Points [+]
Food Inflation 0.80 1.40 7.70 -4.30 percent [+]
Inflation Rate Mom -0.20 -0.30 3.90 -0.69 percent [+]
GDP Deflator 126.49 96.00 126.49 5.00 Index Points [+]
Cpi Housing Utilities 104.40 105.10 113.80 90.70 Index Points [+]
CPI Transportation 118.70 118.80 119.80 91.50 Index Points [+]
Producer Prices 116.40 116.90 117.10 98.00 Index Points [+]
Producer Prices Change -0.60 15.70 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 March of 2019.

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




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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