Saudi Arabia Inflation December 2019

Saudi Arabia

Saudi Arabia: Consumer prices pick up modestly in December

January 17, 2020

Consumer prices ticked up 0.1% over the previous month in December, contrasting November’s 0.1% decrease. The print mainly reflected higher prices for food and beverages, and transportation.

In December, consumer prices increased 0.2% in annual terms, after November’s 0.2% drop. Meanwhile, the annual average variation in consumer prices declined 1.2% in 2019, compared to the 2.5% increase in 2018 (November 2019: -1.1% year-on-year).

FocusEconomics Consensus Forecast participants expect inflation to be 1.6% in 2020, which is unchanged from last month’s projection. The panel sees inflation averaging 2.1% in 2021.


Author:, Economist

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Saudi Arabia Inflation Chart


Saudi Arabia Inflation December 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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