Palm trees and buildings in Saudi Arabia

Saudi Arabia Inflation January 2024

Saudi Arabia: Inflation comes in at highest level since November 2023 in January

Inflation ticked up to 1.6% in January, slightly above December’s 1.5%. January’s reading was the highest inflation rate since November 2023. Looking at the details of the release, housing and utilities prices rose at a quicker pace in January compared to the previous month, while price pressures for clothing and footwear remained weak.

Annual average inflation fell to 2.2% in January (December: 2.3%).

Lastly, consumer prices increased 0.26% in January over the previous month, picking up from the 0.08% increase logged in December. January’s result was the highest reading since April 2023.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest