Annual inflation rate in Saudi Arabia increased to 0.8% in October of 2021, reaching the highest rate since June, from 0.6% in September, and above market consensus of 0.6 percent. Biggest upward pressure came from prices of transport (6.4% vs 5.9%), mainly due to the increase in Operation of Personal Transport Equipment prices (21.5%), which in turn was affected by the increase in gasoline prices (47.9%). Meantime, furniture, household equipment and household maintenance inflation was steady (at 0.7%). On the other hand, prices of miscellaneous goods and services were unchanged, after a 0.2% fall in September. At the same time, prices continued to rise for food and beverages (1.4% vs 2.4% in September), communication services (1.2% vs 2.8 percent), tobacco (0.4% vs 0.6%). In addition, prices of housing and utilities fell less (-2.2% vs -3.0%). On a monthly basis, consumer prices were up 0.2%, the same pace as in September. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 2.01 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 December of 2021.

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. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Saudi Arabia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 06:00 AM Sep 0.6% 0.3% 0.4% 0.5%
2021-11-15 06:00 AM Oct 0.8% 0.6% 0.6% 0.8%
2021-12-15 06:00 AM Nov 0.8% 1.2%


Related Last Previous Unit Reference
Inflation Rate 0.80 0.60 percent Oct/21
Consumer Price Index CPI 104.95 104.69 points Oct/21
Food Inflation 1.40 2.40 percent Oct/21
Producer Prices Change 11.90 11.90 percent Oct/21
Producer Prices 142.60 142.50 points Oct/21
Inflation Rate Mom 0.20 0.20 percent Oct/21
CPI Transportation 113.84 114.38 points Oct/21
CPI Housing Utilities 88.85 88.14 points Oct/21
GDP Deflator 103.72 112.65 points Dec/20

News Stream
Saudi Arabia Inflation Rate at 4-Month High of 0.8%
Annual inflation rate in Saudi Arabia increased to 0.8% in October of 2021, reaching the highest rate since June, from 0.6% in September, and above market consensus of 0.6 percent. Biggest upward pressure came from prices of transport (6.4% vs 5.9%), mainly due to the increase in Operation of Personal Transport Equipment prices (21.5%), which in turn was affected by the increase in gasoline prices (47.9%). Meantime, furniture, household equipment and household maintenance inflation was steady (at 0.7%). On the other hand, prices of miscellaneous goods and services were unchanged, after a 0.2% fall in September. At the same time, prices continued to rise for food and beverages (1.4% vs 2.4% in September), communication services (1.2% vs 2.8 percent), tobacco (0.4% vs 0.6%). In addition, prices of housing and utilities fell less (-2.2% vs -3.0%). On a monthly basis, consumer prices were up 0.2%, the same pace as in September.
2021-11-15
Saudi Inflation Rate Above Estimates
Annual inflation rate in Saudi Arabia increased to 0.6% in September of 2021, the highest reading since June, from 0.3% in August, and above market consensus of 0.4 percent. Biggest upward pressure came from prices of food and beverages (2.4% vs 1.9% in August), mainly due to the increase in prices vegetables (12.5%), meat and poultry (2%). Also, prices increased more for communication services (2.8% vs 2.6%); furniture, household equipment and household maintenance (0.7% vs 0.4%). Meanwhile, prices continued to rise for both transport (5.9% vs 6.5%) and tobacco (0.3% vs 0.6%). In addition, prices of housing and utilities fell less (-3.0% vs -3.5%). On the other hand, prices of miscellaneous goods and services dropped by 0.2%, reversing from a 0.3% gain in August. On a monthly basis, consumer prices were up 0.2%, accelerating from a 0.1 percent rise in August.
2021-10-14
Saudi Arabia Inflation Rate at 20-Month Low of 0.3%
Annual inflation rate in Saudi Arabia inched down to 0.3% in August of 2021, the lowest reading since December 2019, from 0.4% in July, due mainly to a softer rise in transport prices (6.5% vs 7.8%). Also, prices increased less for communication services (2.6% vs 2.7%); furniture, household equipment and household maintenance (0.4% vs 0.5%); miscellaneous goods and services (0.3% vs 0.8%) and tobacco (0.6% vs 1.2%). Meanwhile, food and beverages prices continued to rise (1.9% vs 1.2%). By contrast, prices of housing and utilities fell further (-3.5% vs -3.6%). On a monthly basis, consumer prices edged up 0.1%, the least in five months, easing from a 0.2% rise in July.
2021-09-15

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.