Saudi Arabia Inflation July 2019

Saudi Arabia

Saudi Arabia: Consumer prices decline at softest pace in seven months in July

August 27, 2019

Consumer prices rose 0.1% over the previous month in July, following June’s 0.2% increase. The result mainly reflects higher prices for furnishings, household equipment and maintenance, health and transportation.

In July, consumer prices fell 1.3% in annual terms, above the 1.4% drop in June and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from June’s 0.2% increase to a 0.1% drop in July.

FocusEconomics Consensus Forecast participants expect consumer prices to decline 1.0% in 2019, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 1.6% in 2020.

Author: Ricard Torné, Head of Data Analysis

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation July 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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