Saudi Arabia Inflation April 2019

Saudi Arabia

Saudi Arabia: Drop in consumer prices softens in April

May 22, 2019

Consumer prices were flat over the previous month in April, following March’s 0.1% decline. The result mainly reflects that higher prices for transport were offset by lower prices for housing, water, electricity, gas and other fuels as well as for recreation and culture.

In April, consumer prices fell 1.9% in annual terms, down from the 2.1% drop in March. Meanwhile, the annual average variation in consumer prices declined from March’s 1.2% increase to a 0.8% rise in April.

Saudi Arabia Inflation Forecast


FocusEconomics Consensus Forecast participants expect inflation to average 1.5% in 2019, which is unchanged from last month’s projection. The panel sees inflation averaging 2.0% in 2020.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Inflation in Saudi Arabia? Download a sample report now.

Download

Saudi Arabia Inflation Chart


Saudi Arabia Inflation April 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: General Authority for Statistics (GAS).


Saudi Arabia Economic News

More news

Search form