Inflation in Saudi Arabia

Saudi Arabia Inflation | Economic News & Forecasts

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

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 %Jul 11
Stock Market0.21.00 %Jul 11

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