Saudi Arabia Inflation September 2019

Saudi Arabia

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

October 27, 2019

Consumer prices rose 0.2% over the previous month in September, above August’s 0.1% increase. The print mainly reflected higher prices for education as well as for food and beverages.

In September, consumer prices fell 0.7% in annual terms, above the 1.1% drop in August and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from August’s minus 0.4% to minus 0.6% in September.

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 2.0% in 2021.

Author: Ricard Torné, Head of Data Analysis

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation September 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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