Saudi Arabia Inflation March 2020

Saudi Arabia

Saudi Arabia: Inflation rises in March

April 18, 2020

Consumer prices increased 0.1% over the previous month in March, following February’s 0.3% rise. The print mainly reflected higher prices for food and beverages, and clothing and footwear. On the other hand, prices for housing and utilities fell in the month.

In March, inflation increased to 1.5% from 1.2% in the month prior. Meanwhile, the annual average variation in consumer prices declined 1.0% in March, compared to the 1.4% decrease in February.

FocusEconomics Consensus Forecast participants expect inflation to be 1.1% in 2020, which is down 0.3 percentage points from last month’s projection. The panel sees inflation averaging 1.8% in 2021.

Author:, Economist

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Saudi Arabia Inflation Chart

Saudi Arabia Inflation March 20 20

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

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