Inflation in Saudi Arabia
Saudi Arabia - Inflation
Consumer prices decline at softest pace in five months in May
Consumer prices rose 0.1% over the previous month in May, following April’s flat reading. The result mainly reflects higher prices for food and beverage, clothing and footwear as well as furnishing, household equipment and maintenance.
In May, consumer prices fell 1.5% in annual terms, above the 1.9% drop in April. Meanwhile, the annual average variation in consumer prices declined from April’s 0.8% increase to a 0.5% rise in May.
FocusEconomics Consensus Forecast participants expect consumer prices to decline 0.1% in 2019, which is down 0.6 percentage points from last month’s projection. The panel sees inflation averaging 1.8% in 2020.
Saudi Arabia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.5||2.2||1.2||2.1||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Saudi Arabia Inflation Chart
Source: Saudi Arabian Monetary Agency.
Saudi Arabia Facts
|Bond Yield||2.49||0.0 %||Jun 23|
|Exchange Rate||3.75||0.0 %||Jul 11|
|Stock Market||0.2||1.00 %||Jul 11|
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July 3, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, rose from May’s 57.3 to 57.4 in June.
June 30, 2019
Economic growth decelerated sharply in the first quarter as Saudi Arabia took on the lion’s share of the oil production cuts agreed with other key producers.
June 27, 2019
Oil prices extended losses in June on the back of rising uncertainty about world economic growth and global oil demand amid intensifying trade tensions between the U.S. and China.
June 19, 2019
Consumer prices rose 0.1% over the previous month in May, following April’s flat reading.
June 10, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, rose from April’s 56.8 to 57.3 in May.