Saudi Arabia Inflation

Saudi Arabia

Saudi Arabia: Inflation falls to nine-year low in February

March 12, 2015

In February, consumer prices were flat over the previous month, which matched the result registered in January. The monthly print mainly reflected that a drop in prices for food and beverages, recreation and culture as well as for transportation was offset by higher prices in most of the remaining categories.

Annual inflation inched down from 2.2% in January to 2.1% in February, which marked the lowest rate since February 2006. Annual average inflation stabilized at the previous month’s 2.6% in February, thereby remaining at the lowest rate since January 2007.

FocusEconomics Consensus Forecast participants expect inflation to average 2.7% in 2015, which is down 0.1 percentage points over last month’s projection. For 2016, the panel sees inflation averaging 3.1%.

Author: Ricard Torné, Lead Economist

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Saudi Arabia Inflation Chart

SaudiArabia Inflation February 2015 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Central Department of Statistics & Information (CDSI).

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