The annual wholesale price inflation in Saudi Arabia declined to 10.7 percent in April of 2022 from 12.1 percent in the previous month. It was the lowest wholesale inflation since March last year, due to softer rises in prices of both metal products, machinery and equipment (8.8 percent vs 10.2 percent in March) and other transportable goods (12.5 percent vs 16.1 percent). Meanwhile, prices continued to increase for agriculture and fishery products (18.7 percent vs 15.8 percent); food products, beverages, tobacco and textiles (7.1 percent vs 5.4 percent); and ores and minerals (6.1 percent vs 5.4 percent). On a monthly basis, wholesale prices went up 1.0 percent, easing from a 1.3 percent growth in March. source: Central Department of Statistics & Information, Saudi Arabia
Producer Prices Change in Saudi Arabia averaged 3.75 percent from 1994 until 2022, 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 May of 2022.
Producer Prices Change in Saudi Arabia is expected to be 4.50 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 2023 and 4.00 percent in 2024, according to our econometric models.