Saudi Arabia Inflation March 2021

Saudi Arabia

Saudi Arabia: Inflation eases in March

April 15, 2021

Consumer prices decreased 0.14% over the previous month in March, after February’s 0.13% fall. March’s print reflected falling prices for housing and utilities, and food and beverages.

In March, inflation fell to 4.9% from 5.3% in February. Elevated inflation in recent months has been due to the increase in the value-added tax rate from 5% to 15% back in July 2020. Meanwhile, annual average inflation increased to 4.5% in March, up from 4.2% in the previous month.

FocusEconomics Consensus Forecast participants expect inflation to be 2.9% in 2021, which is up 0.3 percentage points from last month’s projection. The panel sees inflation averaging 1.9% in 2022.

Author:, Economist

Sample Report

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


Saudi Arabia Inflation Chart

Saudi Arabia Inflation March 2021

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