Inflation in Saudi Arabia
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 |
Saudi Arabia Inflation Chart
Source: Saudi Arabian Monetary Agency.
Saudi Arabia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.49 | 0.0 % | Jun 23 |
| Exchange Rate | 3.75 | 0.0 % | May 13 |
| Stock Market | 0.2 | 1.00 % | May 13 |
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Economic News
Saudi Arabia: Drop in consumer prices softens in April
May 22, 2019
Consumer prices were flat over the previous month in April, following March’s 0.1% decline.
Saudi Arabia: Non-oil PMI stabilizes in April
May 5, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, was unchanged at March’s 56.8 in April.
Saudi Arabia: End of Iran oil waivers and OPEC+ output cuts push up oil prices
May 3, 2019
Oil prices continued to climb in recent weeks on supply side concerns following the U.S. decision to end Iranian oil waivers and the strong compliance to the oil deal by OPEC and key non-OPEC members.
Saudi Arabia: Consumer prices decline for third consecutive month in March
April 24, 2019
Consumer prices fell 0.1% over the previous month in March, following February’s 0.2% decline.
Saudi Arabia: Non-oil PMI climbs to 15-month high in March
April 7, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, rose from 56.6 in February to 56.8 in March.
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