The annual wholesale price inflation in Saudi Arabia eased for the third straight month to 0.2% in April 2023, following a 1.1% rise in the previous month. This was the lowest reading since June 2020, as prices rose at a softer pace for food products, beverages, tobacco & textiles (3.4% vs 5.1% in March), particularly for dairy products (17.5% vs 18.8%); ores & minerals (0.7% vs 1.3%), notably for stones & sand prices (0.7% vs 1.3%) as well as transportable goods except metal (0.8% vs 1.3%). Meanwhile, prices of metal products, machinery & equipment continued to shrink (-1.5% vs -1.1%), mainly due to falling cost of basic metals (-10.7% vs -9.2%). Also, a decrease was observed in the cost of agriculture & fishery products (-1.4% vs 3%), driven by a decline in agricultural products (-1.7% vs 3%). Compared to March, wholesale prices remained unchanged. source: Central Department of Statistics & Information, Saudi Arabia

Producer Prices Change in Saudi Arabia averaged 3.84 percent from 1994 until 2023, reaching an all time high of 19.70 percent in June of 2021 and a record low of -5.36 percent in September of 2009. This page provides - Saudi Arabia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Producer Prices Change in Saudi Arabia is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Wholesale Prices Change is projected to trend around 3.50 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Saudi Arabia Wholesale Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-13 12:00 PM Mar 1.1% 2.7% 1.5%
2023-05-15 06:00 AM Apr 0.2% 1.1% 0.5%
2023-06-15 06:00 AM May 0.2% -1.5%


Related Last Previous Unit Reference
Inflation Rate 2.70 2.70 percent Apr 2023
Consumer Price Index CPI 109.16 108.74 points Apr 2023
Food Inflation 1.00 2.34 percent Apr 2023
Producer Prices Change 0.20 1.10 percent Apr 2023
Producer Prices 149.20 149.20 points Apr 2023
Inflation Rate MoM 0.40 0.10 percent Apr 2023
CPI Transportation 118.34 118.41 points Apr 2023
CPI Housing Utilities 96.03 95.58 points Apr 2023
GDP Deflator 119.50 103.72 points Dec 2021

Saudi Arabia Wholesale Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.10 19.70 -5.36 1994 - 2023 percent Monthly
2014=100, NSA

News Stream
Saudi Arabia Wholesale Inflation Slows for 3rd Month
The annual wholesale price inflation in Saudi Arabia eased for the third straight month to 0.2% in April 2023, following a 1.1% rise in the previous month. This was the lowest reading since June 2020, as prices rose at a softer pace for food products, beverages, tobacco & textiles (3.4% vs 5.1% in March), particularly for dairy products (17.5% vs 18.8%); ores & minerals (0.7% vs 1.3%), notably for stones & sand prices (0.7% vs 1.3%) as well as transportable goods except metal (0.8% vs 1.3%). Meanwhile, prices of metal products, machinery & equipment continued to shrink (-1.5% vs -1.1%), mainly due to falling cost of basic metals (-10.7% vs -9.2%). Also, a decrease was observed in the cost of agriculture & fishery products (-1.4% vs 3%), driven by a decline in agricultural products (-1.7% vs 3%). Compared to March, wholesale prices remained unchanged.
2023-05-15
Saudi Arabia Wholesale Inflation Continues to Slow
The annual wholesale price inflation in Saudi Arabia eased to 1.1% in March 2023, following a 2.7% growth in the previous month. It was the lowest reading since June 2020, as prices slowed for agriculture & fishery products (3% vs 4.6% in February), ores & minerals (1.3% vs 1.6%), food products, beverages, tobacco & textiles (5.1% vs 6.3%) and other transportable goods except metal (1.3% vs 3.3%). Also, prices declined sharply for metal products, machinery & equipment (-1.1% vs 0.3%). On a monthly basis, wholesale prices slumped 0.3%, after a 0.1% drop in February.
2023-04-13
Saudi Arabia Wholesale Inflation Lowest in Over 2-½ Years
The annual wholesale price inflation in Saudi Arabia eased to 2.7% in February 2023, following a 3.6% growth in the previous month. It was the lowest reading since June 2020, as prices slowed for all main sections namely, agriculture & fishery products (4.6% vs 5.7% in January), ores & minerals (1.6% vs 2.4%), food products, beverages, tobacco & textiles (6.3% vs 7.6%), other transportable goods except metal (3.3% vs 4.2%) and metal products, machinery & equipment (0.3% vs 0.9%). On a monthly basis, wholesale prices fell 0.1%, after a 0.7% gain in January.
2023-03-15