Inflation in Saudi Arabia

Saudi Arabia Inflation | Economic News & Forecasts

Saudi Arabia - Inflation

Inflation rises in March

Consumer prices increased 0.1% over the previous month in March, following February’s 0.3% rise. The print mainly reflected higher prices for food and beverages, and clothing and footwear. On the other hand, prices for housing and utilities fell in the month.

In March, inflation increased to 1.5% from 1.2% in the month prior. Meanwhile, the annual average variation in consumer prices declined 1.0% in March, compared to the 1.4% decrease in February.

FocusEconomics Consensus Forecast participants expect inflation to be 1.1% in 2020, which is down 0.3 percentage points from last month’s projection. The panel sees inflation averaging 1.8% in 2021.

Saudi Arabia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.2  2.1  -0.8  2.5  -2.1  

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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

Value Change Date
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Dec 31
Stock Market0.21.00 %Jan 07

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