Saudi Arabia Inflation August 2018

Saudi Arabia

Saudi Arabia: Inflation stabilizes in August

September 25, 2018

Consumer prices fell 0.2% over the previous month in August, contrasting July’s 0.1% rise. The decline was mainly due to lower prices for housing, water, electricity, gas and other fuels as well as for clothing and footwear and recreation and culture. August’s drop was partly offset by higher prices for restaurants and hotels.

In August, inflation was unchanged at July’s 2.2%. Meanwhile, the annual average variation in consumer prices increased from 1.0% in July to 1.3% in August, the highest level since March 2017.

Saudi Arabia Inflation Forecast


FocusEconomics Consensus Forecast participants expect inflation to average 3.1% in 2018, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 2.2% in 2019.


Author: Ricard Torné, Lead Economist

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Saudi Arabia Inflation Chart


Saudi Arabia Inflation August 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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