Saudi Arabia Inflation June 2019

Saudi Arabia

Saudi Arabia: Drop in consumer prices continues to moderate in June

July 23, 2019

Consumer prices rose 0.2% over the previous month in June, following May’s 0.1% increase. The result mainly reflects higher prices for recreation and culture, transport, restaurant and hotels and food and beverages.

In June, consumer prices fell 1.4% in annual terms, above the 1.5% drop in May and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from May’s 0.5% increase to a 0.2% rise in June.

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, Head of Data Analysis

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation June 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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