Saudi Arabia's consumer prices dropped 1.1 percent year-on-year in August of 2019, following a 1.3 percent decline in the previous month. It was the eighth consecutive month of deflation, although cost fell at a softer pace for housing & utilities (-6.5 percent from -6.7 percent in July) and recreation & culture (-0.2 percent vs -0.4 percent). In addition, prices advanced faster for food & non-alcoholic beverages (1.0 percent vs 0.1 percent); furniture & household equipment (1.4 percent vs 0.8 percent) and miscellaneous goods & services (1.8 percent vs 1.4 percent). On the other hand, cost slowed for transport (1.3 percent vs 1.6 percent) and restaurants & hotels (1.0 percent vs 1.5 percent) while inflation was steady for education (at 1.3 percent) and health (at 1.0 percent). On a monthly basis, consumer prices increased 0.1 percent, at the same pace as in July. Inflation Rate in Saudi Arabia averaged 2.48 percent from 2000 until 2019, reaching an all time high of 11.10 percent in July of 2008 and a record low of -2.20 percent in February of 2019.

Inflation Rate in Saudi Arabia is expected to be -0.90 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 2.70 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Saudi Arabia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-19 06:00 AM Inflation Rate YoY May -1.5% -1.9% -1.8%
2019-07-23 01:30 PM Inflation Rate YoY Jun -1.4% -1.5% -1.5%
2019-08-27 09:00 AM Inflation Rate YoY Jul -1.3% -1.4% -1.6%
2019-09-24 11:00 AM Inflation Rate YoY Aug -1.1% -1.3% -1.6%
2019-10-22 11:40 AM Inflation Rate YoY Sep -1.1% -0.9%
2019-11-28 06:25 AM Inflation Rate YoY Oct -0.6%
2019-12-25 07:00 AM Inflation Rate YoY Nov -0.3%


Saudi Arabia Prices Last Previous Highest Lowest Unit
Inflation Rate -1.10 -1.30 11.10 -2.20 percent [+]
Consumer Price Index CPI 106.10 106.00 114.80 84.80 Index Points [+]
Food Inflation 1.00 0.10 7.70 -4.30 percent [+]
Inflation Rate Mom 0.10 0.10 3.90 -0.69 percent [+]
GDP Deflator 112.10 100.53 120.17 5.00 Index Points [+]
Cpi Housing Utilities 102.40 102.80 113.80 90.70 Index Points [+]
CPI Transportation 121.00 121.30 121.30 91.50 Index Points [+]
Producer Prices 120.00 119.80 120.00 98.00 Index Points [+]
Producer Prices Change 2.70 2.70 17.00 -5.36 percent [+]


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. This page provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -1.30 11.10 -2.20 2000 - 2019 percent Monthly
2013=100




Country Last Previous
Argentina 53.50 Sep/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Sep/19
China 3.00 Sep/19
Euro Area 0.80 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.30 Sep/19
Japan 0.20 Sep/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Sep/19
United States 1.70 Sep/19


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