Inflation in Saudi Arabia

Saudi Arabia Inflation | Economic News & Forecasts

Saudi Arabia - Inflation

Consumer prices post smallest drop in 10 months in October

Consumer prices rose 0.2% over the previous month in October, matching September’s result. The print mainly reflected that higher prices for housing and utilities were offset by lower transportation costs.

In October, consumer prices fell 0.3% in annual terms, above the 0.7% drop in September and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from September’s minus 0.6% to minus 0.8% in August.

FocusEconomics Consensus Forecast participants expect inflation to be 1.6% in 2020, which is unchanged from last month’s projection. The panel sees inflation averaging 2.1% in 2021.

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 %Dec 31
Stock Market0.21.00 %Jan 07

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