Annual inflation rate in Saudi Arabia fell to 2.2% in December of 2018 from 2.8% in the previous month. It was the lowest inflation rate since September, as cost slowed for food & beverage (7.1% from 7.7% in November), particularly meat & poultry (5.6% from 5.9%); fish & seafood (18.1% from 19.4%) and vegetables (10.6% from 13.7%). In addition, prices rose at a slower pace for communication (1.1% from 1.3%) and restaurant & hotels (7.3% from 8.6%). On the other hand, prices advanced faster for furniture & household equipment (5% from 4.6%); miscellaneous goods & services (0.8% from 0.6%) and recreation & culture (4.6% from 3.8%). Meantime, inflation was steady for transport (12%, the same as in November); education (0.2%); health (4%) and tobacco (10.2%) while cost continued to decline for housing & utilities (-5.1% from -3.1%) and clothing & footwear (-3.2% from -4.5%). On a monthly basis, consumer prices went down 0.3%, following a 0.2% drop in November. Inflation Rate in Saudi Arabia averaged 2.63 percent from 2000 until 2018, reaching an all time high of 11.10 percent in July of 2008 and a record low of -2 percent in January of 2001.

Inflation Rate in Saudi Arabia is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Saudi Arabia to stand at 2.00 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Saudi Arabia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-23 11:40 AM Inflation Rate YoY 2.1% 2.2% 2.5%
2018-11-28 06:25 AM Inflation Rate YoY 2.4% 2.1% 2.2%
2018-12-25 06:00 AM Inflation Rate YoY 2.8% 2.4% 2.2%
2019-01-22 09:00 AM Inflation Rate YoY 2.2% 2.8% 2.1%
2019-02-25 11:00 AM Inflation Rate YoY 2.2% 1.8%
2019-03-21 12:00 PM Inflation Rate YoY 1.7%
2019-04-24 08:00 AM Inflation Rate YoY 1.6%


Saudi Arabia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.80 11.10 -2.00 percent [+]
Consumer Price Index CPI 106.20 106.50 114.80 84.80 Index Points [+]
Food Inflation 7.70 7.30 7.70 -4.30 percent [+]
Inflation Rate Mom -0.30 -0.20 3.90 -0.69 percent [+]
GDP Deflator 126.49 96.00 126.49 5.00 Index Points [+]
Cpi Housing Utilities 106.20 106.80 113.80 90.70 Index Points [+]
CPI Transportation 119.00 119.20 119.80 91.50 Index Points [+]
Producer Prices 116.90 116.80 117.10 98.00 Index Points [+]
Producer Prices Change 16.20 16.30 17.00 -5.36 percent [+]


Saudi Arabia Inflation Rate

In Saudi Arabia, the most important categories in the consumer price index are Food and beverage (22 percent of total weight); Housing, water, electricity, gas and other fuels (21 percent); Transport (10 percent); Furnishings, household equipment and routine household (9 percent); and Clothing and footwear, and Communication (8 percent each). The index also includes: Miscellaneous goods and services (7 percent); and Restaurants and hotels (6 percent). Recreation and culture, education, health and tobacco account for the remaining 9 percent. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.80 11.10 -2.00 2000 - 2018 percent Monthly
2013=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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