The annual wholesale price inflation in Saudi Arabia accelerated to 4.3% in January 2024 from 3% in the previous month. This marked the highest reading since October 2022, prompted by a significant increase in prices of other transferable goods, except metal products, machinery & equipment (10.4% vs 6.1% in December 2023), due to higher costs of basic chemicals (34.0%) and refined petroleum products (12.0%). On the other hand, prices moderated for food products, beverages, tobacco & textiles (2.4% vs 3.4%). Additionally, declines were seen in prices of metal products, machinery & equipment (-0.3% vs 0%), agriculture & fishery products (-1.6% vs -0.8%), and ores & minerals (-1.6% vs -0.8%). On a monthly basis, wholesale prices grew by 2% in January, quickening from a 0.4% rise in December. source: General Authority for Statistics, Saudi Arabia

Producer Prices in Saudi Arabia increased 4.30 percent in January of 2024 over the same month in the previous year. Producer Prices Change in Saudi Arabia averaged 3.69 percent from 1994 until 2024, reaching an all time high of 19.70 percent in June of 2021 and a record low of -5.36 percent in September of 2009. This page provides - Saudi Arabia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

Producer Prices in Saudi Arabia increased 4.30 percent in January of 2024 over the same month in the previous year. Producer Prices Change in Saudi Arabia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Wholesale Prices Change is projected to trend around 3.50 percent in 2025, according to our econometric models.

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Saudi Arabia Wholesale Prices Change


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-15 06:00 AM
Wholesale Prices YoY
Dec 3% 2.4% 2.7%
2024-02-15 06:00 AM
Wholesale Prices YoY
Jan 4.3% 3% 3.1%
2024-03-14 06:00 AM
Wholesale Prices YoY
Feb 4.3%


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 Wholesale Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
4.30 3.00 19.70 -5.36 1994 - 2024 percent Monthly
2014=100, NSA

News Stream
Saudi Arabia Wholesale Inflation Accelerates to 15-Month High
The annual wholesale price inflation in Saudi Arabia accelerated to 4.3% in January 2024 from 3% in the previous month. This marked the highest reading since October 2022, prompted by a significant increase in prices of other transferable goods, except metal products, machinery & equipment (10.4% vs 6.1% in December 2023), due to higher costs of basic chemicals (34.0%) and refined petroleum products (12.0%). On the other hand, prices moderated for food products, beverages, tobacco & textiles (2.4% vs 3.4%). Additionally, declines were seen in prices of metal products, machinery & equipment (-0.3% vs 0%), agriculture & fishery products (-1.6% vs -0.8%), and ores & minerals (-1.6% vs -0.8%). On a monthly basis, wholesale prices grew by 2% in January, quickening from a 0.4% rise in December.
2024-02-15
Saudi Arabia Wholesale Inflation Climbs to 1-Year High
The wholesale prices in Saudi Arabia advanced 3.0% year-on-year in December 2023, up from November’s 2.4% rise. It marked the highest wholesale inflation since January, mainly driven by the further increase in prices of other transferable goods, except metal products, machinery & equipment (6.13% vs 5.16% in November), linked to higher costs of chemicals (30.9%) and refined petroleum products (3.8%). Conversely, prices eased for food products, beverages, tobacco & textiles (3.38% vs 3.54%), while it stabilized for agriculture & fishery products, and metal products, machinery & equipment. On a monthly basis, wholesale prices grew 0.4%, cooling from a one-and-a-half-year high of 1.2% rise in the prior month.
2024-01-15
Saudi Arabia Wholesale Prices at 9-Month High
The wholesale prices in Saudi Arabia climbed 2.4% year-on-year in November 2023 from 1% rise in the previous month. It was the third consecutive month of increase in wholesale prices and the highest since February, boosted by a sharp growth in other transferable goods, except metal products, machinery & equipment (5.2% vs 2.5% in October). At the same time, costs rose at a faster pace for food products, beverages, tobacco & textiles (3.5% vs 2.7%), while declined less for ores & minerals (-0.9% vs -2%), agriculture & fishery products (-0.8% vs -1.4%), and metal products, machinery & equipment (-0.4% vs -0.8%). On a monthly basis, wholesale prices increased 1.2% in November, accelerating from a 0.5% rise in the previous month.
2023-12-14