Saudi Arabia Inflation June 2018

Saudi Arabia

Saudi Arabia: Inflation continues to ease in June

July 24, 2018

Consumer prices rose 0.1% over the previous month in June, the first increase in prices in four months, contrasting May’s 0.4% fall. The uptick was partly due to higher prices for food and beverages, and clothing and footwear.

Inflation continued to soften in June, easing to 2.1% from 2.3% in May and marking the lowest print in six months. Meanwhile, the annual average variation in consumer prices rose from 0.6% in May to 0.8% in June, the highest level in over one year.

FocusEconomics Consensus Forecast participants expect inflation to average 3.5% in 2018, which is down 0.1 percentage points from last month’s projection. The panel sees inflation averaging 2.5% in 2019.


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Saudi Arabia Inflation Chart

Saudi Arabia Inflation June 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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