Saudi Arabia Inflation October 2019

Saudi Arabia

Saudi Arabia: Consumer prices post smallest drop in 10 months in October

November 19, 2019

Consumer prices rose 0.2% over the previous month in October, matching September’s result. The print mainly reflected that higher prices for housing and utilities were offset by lower transportation costs.

In October, consumer prices fell 0.3% in annual terms, above the 0.7% drop in September and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from September’s minus 0.6% to minus 0.8% in August.

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: Ricard Torné, Head of Data Analysis

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation October 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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