Saudi Arabia Inflation February 2022

Saudi Arabia

Saudi Arabia: Inflation rises in February

March 17, 2022

Consumer prices increased 0.31% over the previous month in February, which was stronger than January’s 0.15% increase. February’s print reflected higher prices for food and beverages, transport, and clothing and footwear.

In February, inflation increased to 1.6% from 1.2% in January. Meanwhile, annual average inflation decreased from 2.7% in January, to 2.4% in February.

FocusEconomics Consensus Forecast participants expect inflation to be 1.8% in 2022, which is unchanged from last month’s projection. The panel sees inflation averaging 1.8% in 2023.

Author:, Economist

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation February 2022

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: General Authority for Statistics (GAS).

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