Cost of food in Saudi Arabia increased 1.40 percent in January of 2019 over the same month in the previous year. Food Inflation in Saudi Arabia averaged 2.72 percent from 2012 until 2019, reaching an all time high of 7.70 percent in November of 2018 and a record low of -4.30 percent in December of 2016.
Food Inflation in Saudi Arabia is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Saudi Arabia to stand at 4.30 in 12 months time. In the long-term, the Saudi Arabia Food Inflation is projected to trend around 3.90 percent in 2020, according to our econometric models.