Saudi Arabia Inflation August 2019

Saudi Arabia

Saudi Arabia: Drop in consumer prices continues to soften in August

September 24, 2019

Consumer prices rose 0.1% over the previous month in August, matching July’s result. The print mainly reflected higher prices for food and beverages as well as furnishings, household equipment and maintenance.

In August, consumer prices fell 1.1% in annual terms, above the 1.3% drop in July and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from July’s minus 0.1% to minus 0.4% drop in August.

FocusEconomics Consensus Forecast participants expect consumer prices to decline 1.2% in 2019, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 1.5% in 2020.

Author: Ricard Torné, Head of Data Analysis

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation August 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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