Inflation in Saudi Arabia

Saudi Arabia Inflation | Economic News & Forecasts

Saudi Arabia - Inflation

Consumer prices decline at softest pace in seven months in July

Consumer prices rose 0.1% over the previous month in July, following June’s 0.2% increase. The result mainly reflects higher prices for furnishings, household equipment and maintenance, health and transportation.

In July, consumer prices fell 1.3% in annual terms, above the 1.4% drop in June and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from June’s 0.2% increase to a 0.1% drop in July.

FocusEconomics Consensus Forecast participants expect consumer prices to decline 1.0% in 2019, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 1.6% 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

Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Sep 04
Stock Market0.21.00 %Sep 04

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