Saudi Arabia Inflation May 2019

Saudi Arabia

Saudi Arabia: Consumer prices decline at softest pace in five months in May

June 19, 2019

Consumer prices rose 0.1% over the previous month in May, following April’s flat reading. The result mainly reflects higher prices for food and beverage, clothing and footwear as well as furnishing, household equipment and maintenance.

In May, consumer prices fell 1.5% in annual terms, above the 1.9% drop in April. Meanwhile, the annual average variation in consumer prices declined from April’s 0.8% increase to a 0.5% rise in May.

FocusEconomics Consensus Forecast participants expect consumer prices to decline 0.1% in 2019, which is down 0.6 percentage points from last month’s projection. The panel sees inflation averaging 1.8% in 2020.

Author: Ricard Torné, Lead Economist

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation May 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: General Authority for Statistics (GAS).

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