Saudi Arabia Inflation April 2022

Saudi Arabia

Saudi Arabia: Inflation comes in at highest level since June 2021 in April

May 15, 2022

Consumer prices rose 0.43% in April over the previous month, accelerating from the 0.27% rise logged in March. April's uptick was the highest reading since July 2020. Price pressures increased for food, but eased for transport and utilities.

Inflation edged up to 2.3% in April, slightly above March’s 2.0%. April's result represented the highest inflation rate since June 2021. Annual average inflation fell to 1.9% in April (March: 2.2%).

FocusEconomics Consensus Forecast participants expect inflation to be 2.5% in 2022, which is up 0.3 percentage points from last month’s projection. The panel sees inflation averaging 2.2% in 2023.


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Saudi Arabia Inflation Chart

Saudi Arabia Inflation April 2022 0

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

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