Saudi Arabia Inflation December 2015

Saudi Arabia

Saudi Arabia: Inflation stabilizes in December

January 10, 2016

In December, consumer prices rose 0.07% over the previous month, which matched the result tallied in the previous month. The increase mainly reflected an increase in prices for communications, clothing and health.

Inflation came in at 2.3% in December for the second consecutive month. Annual average inflation in December was stable at the previous month’s 2.2%, thereby remaining at the lowest rate since November 2006.

FocusEconomics Consensus Forecast expect inflation to average 2.7% in 2016, which is down 0.1 percentage points over last month’s projection. For 2017, the panel sees inflation averaging 2.8%.

Author: Ricard Torné, Lead Economist

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Saudi Arabia Inflation Chart

SaudiArabia Inflation December 2015 1

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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