Annual inflation rate in Saudi Arabia declined to 5.2 percent in February of 2021 from 5.7 percent in the previous month. It was the lowest inflation rate since last June, as food & non-alcoholic beverages inflation eased to an 8-month low of 11.2 percent in February from 12.3 percent in January, while housing & utilities prices dropped more (-2.6 percent vs -0.9 percent). Also, inflation slowed for communication (13.2 percent vs 13.8 percent). Meantime, prices continued to increase for transport (9.8 percent vs 9.6 percent), clothing & footwear (6.2 vs 6.1 percent), miscellaneous goods & services (5.8 percent vs 5.6 percent), furnishings (8.2 percent vs 7.4 percent), tobacco (13.2 percent vs 12.0 percent) and restaurants & hotels (8.0 percent vs 6.9 percent). On the other hand, prices of education fell further (-9.5 vs -9.8 percent). On a monthly basis, consumer prices edged down 0.1 percent, after increasing by 0.2 percent in the previous month. source: Central Department of Statistics & Information, Saudi Arabia
Inflation Rate in Saudi Arabia averaged 1.98 percent from 2000 until 2021, reaching an all time high of 11.10 percent in July of 2008 and a record low of -5 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 April of 2021.
Inflation Rate in Saudi Arabia is expected to be 5.50 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 2.00 percent in 2022, according to our econometric models.