Inflation in Saudi Arabia

Saudi Arabia Inflation | Economic News & Forecasts

Saudi Arabia - Inflation

Drop in consumer prices softens in April

Consumer prices were flat over the previous month in April, following March’s 0.1% decline. The result mainly reflects that higher prices for transport were offset by lower prices for housing, water, electricity, gas and other fuels as well as for recreation and culture.

In April, consumer prices fell 1.9% in annual terms, down from the 2.1% drop in March. Meanwhile, the annual average variation in consumer prices declined from March’s 1.2% increase to a 0.8% rise in April.


Saudi Arabia Inflation Forecast


FocusEconomics Consensus Forecast participants expect inflation to average 1.5% in 2019, which is unchanged from last month’s projection. The panel sees inflation averaging 2.0% in 2020.

Saudi Arabia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)3.5  2.2  1.2  2.1  -0.8  

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Saudi Arabia Inflation Chart


Saudi Arabia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Saudi Arabian Monetary Agency.

Saudi Arabia Facts

ValueChangeDate
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %May 13
Stock Market0.21.00 %May 13

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