Inflation in Saudi Arabia
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
|Inflation Rate (CPI, annual variation in %)||1.2||2.1||-0.8||2.5||-2.1|
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 %||Dec 31|
|Stock Market||0.2||1.00 %||Jan 07|
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