Palm trees and buildings in Saudi Arabia

Inflation in Saudi Arabia

Saudi Arabia Inflation

Inflation moderates slightly in June

Inflation came in at 2.7% in June, which was down from May’s 2.8%. The weaker reading was largely due to lower price pressures for recreation and culture, as well as weaker textile prices.

Annual average inflation was unchanged at May’s 2.9% in June.

Lastly, consumer prices increased 0.19% in June over the previous month, mirroring May’s reading. June’s result marked the joint-weakest reading since March.

The Saudi authorities have kept an iron grip on inflation this year thanks to a cap on petrol prices and rising interest rates. Our panelists expect price pressures to continue to ease for the remainder of this year. Supply-chain bottlenecks and rapidly growing demand in the non-oil sector pose upside risks.

Saudi Arabia Inflation Chart

This chart displays Inflation Rate (CPI, annual variation in %) for Saudi Arabia from 2013 to 2022.

Saudi Arabia Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 2.5 -2.1 3.4 3.1 2.5
Inflation (CPI, ann. var. %, eop) 1.9 -0.2 5.3 1.2 3.3
Inflation (WPI, ann. var. %, eop) 15.7 3.7 5.2 13.3 3.0

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest