Saudi Arabia Inflation July 2018

Saudi Arabia

Saudi Arabia: Inflation accelerates in July

August 28, 2018

Consumer prices rose 0.1% over the previous month in July, rising by the same margin as in June. The uptick was partly due to higher prices for recreation and culture, food and beverages, and restaurants and hotels. The rise was partly offset by lower prices for housing, water, electricity, gas and other fuels.

Inflation notched up to 2.2% in July from 2.1% in June. Meanwhile, the annual average variation in consumer prices increased from 0.8% in June to 1.0% in July, the highest level in over one year.

Saudi Arabia Inflation Forecast

FocusEconomics Consensus Forecast participants expect inflation to average 3.3% in 2018, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 2.4% in 2019.


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Saudi Arabia Inflation Chart

Saudi Arabia Inflation July 2018

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

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