Inflation rose to 3.4% in January from 3.3% in December. The government’s fuel price cap continues to contain price pressures. Inflation is seen remaining muted in 2023. Key factors to monitor ahead include changes to government subsidies and swings in food prices.
Saudi Arabia Money (ann. var. of M3 %) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Money (ann. var. of M3 %) | 0.3 | 2.7 | 7.1 | 8.3 | 7.4 |