The annual inflation rate in Saudi Arabia slightly rose to 1.6% in January 2024, in line with market expectations, from 1.5% in the previous month. Prices advanced for housing & utilities (7.8% vs 7.5% in December 2023), recreation & culture (1.4% vs 1%), and education (1.2% vs 0.8%). Meanwhile, costs softened for food & beverages (1% vs 1.2%) and restaurants & hotels (2.4% vs 2.5%). Deflation were also observed in transport (-1.1% vs -1.3%), miscellaneous personal goods & services (-1.1% vs -0.5%), communication (-1.9% vs -2.7%), furnishings & household equipment (-3.3% vs -3.2%), clothing & footwear (-4.1% vs -4.2%), and health (-0.8% vs -0.4%). On a monthly basis, consumer prices increased by 0.3% in January, slightly more than market forecasts of a 0.2% rise and following a 0.1% advance in December. source: General Authority for Statistics, Saudi Arabia

Inflation Rate in Saudi Arabia increased to 1.60 percent in January from 1.50 percent in December of 2023. Inflation Rate in Saudi Arabia averaged 2.03 percent from 2000 until 2024, reaching an all time high of 11.10 percent in July of 2008 and a record low of -5.00 percent in December of 2018. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Inflation Rate in Saudi Arabia increased to 1.60 percent in January from 1.50 percent in December of 2023. Inflation Rate in Saudi Arabia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 2.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Width
Height

Saudi Arabia Inflation Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-15 06:00 AM
Inflation Rate YoY
Dec 1.5% 1.7% 1.5% 1.6%
2024-02-15 06:00 AM
Inflation Rate YoY
Jan 1.6% 1.5% 1.6% 1.4%
2024-03-14 12:00 PM
Inflation Rate YoY
Feb 1.6% 1.7%


Related Last Previous Unit Reference
Inflation Rate 1.60 1.50 percent Jan 2024
Consumer Price Index CPI 110.44 110.15 points Jan 2024
Food Inflation 1.03 1.20 percent Jan 2024
Producer Prices Change 4.30 3.00 percent Jan 2024
Producer Prices 156.10 153.00 points Jan 2024
Inflation Rate MoM 0.30 0.10 percent Jan 2024
CPI Transportation 117.49 117.61 points Jan 2024
CPI Housing Utilities 102.02 100.91 points Jan 2024
GDP Deflator 119.50 103.72 points Dec 2021

Saudi Arabia Inflation Rate
In Saudi Arabia, the most important categories in the Consumer Price Index are: Housing, Water, Electricity, Gas & Other Fuels (26%), Food & Beverages (19%), and Transport (13%). The index also includes: Miscellaneous Goods & Services (13%), Furnishings, Household Equipment & Routine Household (7%), Communications (6%), Restaurants & Hotels (6%), Clothing & Footwear (4%), Recreation & Culture (3%), Education (3%), Health (1%), and Tobacco (1%).
Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 11.10 -5.00 2000 - 2024 percent Monthly
2018=100

News Stream
Saudi Arabia Inflation Picks Up, Matches Forecast
The annual inflation rate in Saudi Arabia slightly rose to 1.6% in January 2024, in line with market expectations, from 1.5% in the previous month. Prices advanced for housing & utilities (7.8% vs 7.5% in December 2023), recreation & culture (1.4% vs 1%), and education (1.2% vs 0.8%). Meanwhile, costs softened for food & beverages (1% vs 1.2%) and restaurants & hotels (2.4% vs 2.5%). Deflation were also observed in transport (-1.1% vs -1.3%), miscellaneous personal goods & services (-1.1% vs -0.5%), communication (-1.9% vs -2.7%), furnishings & household equipment (-3.3% vs -3.2%), clothing & footwear (-4.1% vs -4.2%), and health (-0.8% vs -0.4%). On a monthly basis, consumer prices increased by 0.3% in January, slightly more than market forecasts of a 0.2% rise and following a 0.1% advance in December.
2024-02-15
Saudi Arabia Inflation Rate Ticks Down in December
The annual inflation rate in Saudi Arabia edged down to 1.5% in December 2023, matching market forecasts, from 1.7% in the previous month. This was the lowest reading since January 2022, mainly influenced by softer price increases for housing & utilities (7.5% vs 7.8% in November) and food & beverages (1.2% vs 1.4%). Declines were also seen in clothing & footwear (-4.2% vs -4.1%), furnishings & household equipment (-3.2% vs -2.9%), health (-0.4% vs -0.2%), transport (-1.3% vs -0.6%), communication (-2.7% vs -2.7%), and miscellaneous personal goods & services (-0.5% vs -0.8%). On the other hand, inflation ticked higher for restaurants & hotels (2.5% vs 2.3%) and recreation & culture (1% vs 0.5%), while it remained steady for tobacco (at 0.2%). On a monthly basis, consumer prices increased by 0.1% in December, in line with market expectations and following a 0.2% rise in November. In 2023, the average inflation rate stood at 2.3%.
2024-01-15
Saudi Arabia Inflation Rate Edges Higher in November
The annual inflation rate in Saudi Arabia edged higher to 1.7% in November 2023 from the previous month's figure and market expectations of 1.6%, mainly due to higher prices for food & beverages (1.4% vs 0.8% in October), tobacco (0.2% vs 0%), and restaurants & hotels (2.3% vs 1.9%). Also, prices tumbled for transport (-0.6% vs 0%) and health (-0.2% vs 0%), while continued to fall for clothing & footwear (-4.1% vs -3.7%) and communication (-2.7% vs -2.5%). Meanwhile, deflation slowed for both furnishings & household equipment (-2.9% vs -3.1%) and miscellaneous personal goods & services (-0.8% vs -0.9%). On a monthly basis, consumer prices ticked up to 0.2% in November from 0.1% in the previous month.
2023-12-14