Saudi Arabia Inflation May 2018

Saudi Arabia

Saudi Arabia: Inflation moderates in May

June 27, 2018

Consumer prices dropped 0.4% from the previous month in May, falling from April’s 0.2% decrease. The drop largely reflected lower prices for housing, water, electricity and gas; clothing and footwear; and food. No category posted higher prices in May.

Inflation eased to 2.3% in May from 2.6% in April. Meanwhile, the annual average variation in consumer prices rose from 0.3% in April to 0.6% in May, the strongest print in 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 May 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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