Inflation in Saudi Arabia
Saudi Arabia - Inflation
Consumer prices decline at softest pace in seven months in July
Consumer prices rose 0.1% over the previous month in July, following June’s 0.2% increase. The result mainly reflects higher prices for furnishings, household equipment and maintenance, health and transportation.
In July, consumer prices fell 1.3% in annual terms, above the 1.4% drop in June and the softest decline so far this year. Meanwhile, the annual average variation in consumer prices declined from June’s 0.2% increase to a 0.1% drop in July.
FocusEconomics Consensus Forecast participants expect consumer prices to decline 1.0% in 2019, which is down 0.2 percentage points from last month’s projection. The panel sees inflation averaging 1.6% 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 %||Sep 04|
|Stock Market||0.2||1.00 %||Sep 04|
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September 3, 2019
The Purchasing Managers’ Index (PMI), produced by IHS Markit, rose from July’s 56.6 to 57.0 in August.
Saudi Arabia: Trade tensions and weak global economic data continue to weigh on oil prices in August
August 27, 2019
Oil prices continued to tumble in recent weeks and almost erased the gains made in January–May.
August 27, 2019
Consumer prices rose 0.1% over the previous month in July, following June’s 0.2% increase.
August 8, 2019
The Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from June’s 57.4 to 56.6 in July and marked the lowest reading since February.
July 23, 2019
Consumer prices rose 0.2% over the previous month in June, following May’s 0.1% increase.