Saudi Arabia's annual inflation rate decreased to 0.5 percent in June of 2020 from 1.1 percent in the previous month, before the value-added tax was tripled from 5 percent to 15 percent on 1st July. It was the lowest inflation rate since deflation ended in December of 2019, as prices slowed for food & beverage (6.7 percent vs 7 percent in May): miscellaneous goods & services (1.8 percent vs 2.4 percent) and restaurants & hotels (0.2 percent vs 0.6 percent). In addition, cost fell further for housing& utilities (-0.7 percent vs -0.4 percent); transport (-5.2 percent vs -3.8 percent); clothing & footwear (-1.1 percent vs -0.9 percent) and communication (-0.6 percent vs -0.8 percent), Meantime, inflation was steady for furnishing & household equipment (at 1.4 percent). On a monthly basis, consumer prices went down 0.3 percent, the third monthly fall and following a 0.2 percent drop in May.

Inflation Rate in Saudi Arabia averaged 1.85 percent from 2000 until 2020, 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 August of 2020. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia is expected to be 0.20 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 2.30 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.10 11.10 -5.00 2000 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-22 06:00 AM Mar 1.5% 1.2% 1.3%
2020-05-20 09:00 AM Apr 1.3% 1.5% 1.3%
2020-06-24 06:00 AM May 1.1% 1.3% 1.1%
2020-07-15 06:00 AM Jun 0.5% 1.1% 0.8%
2020-08-18 09:00 AM Jul 0.5% 0.4%
2020-09-22 09:00 AM Aug 0.3%
2020-10-20 09:00 AM Sep 0.2%
2020-11-17 09:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Saudi Arabia Inflation Rate Falls to 6-Month Low Ahead VAT Increase
Saudi Arabia's annual inflation rate decreased to 0.5 percent in June of 2020 from 1.1 percent in the previous month, before the value-added tax was tripled from 5 percent to 15 percent on 1st July. It was the lowest inflation rate since deflation ended in December of 2019, as prices slowed for food & beverage (6.7 percent vs 7 percent in May): miscellaneous goods & services (1.8 percent vs 2.4 percent) and restaurants & hotels (0.2 percent vs 0.6 percent). In addition, cost fell further for housing& utilities (-0.7 percent vs -0.4 percent); transport (-5.2 percent vs -3.8 percent); clothing & footwear (-1.1 percent vs -0.9 percent) and communication (-0.6 percent vs -0.8 percent), Meantime, inflation was steady for furnishing & household equipment (at 1.4 percent). On a monthly basis, consumer prices went down 0.3 percent, the third monthly fall and following a 0.2 percent drop in May.
2020-07-15
Saudi Arabia Inflation Rate Down to 1.1%
Consumer prices in Saudi Arabia increased 1.1 percent year-on-year in May of 2020, following a 1.3 percent rise in April and the lowest rate in four months. Prices slowed for restaurants & hotels (0.6% vs 0.7% in April) and fell for transport (-3.8% vs -0.4%); housing & utilities (-0.4% vs -0.5%); clothing & footwear (-0.9% vs 0.2%); health (-0.4% vs -0.3%); and communication (-0.8% vs -0.6%). In contrast, inflation went up for food & beverages (7% vs 6.1%) and recreation & culture (0.8 vs 0.7%). On a monthly basis, consumer prices went down 0.2 percent.
2020-06-24
Saudi Arabia Inflation Rate Edges Down to 1.3% in April
Saudi Arabia's annual inflation rate dropped to 1.3% in April of 2020 from 1.5% in the previous month, as the pandemic crisis affected consumer spending. Prices slowed mostly for recreation & culture (0.7% vs 0.9% in March); restaurants & hotels (0.7% vs 1.3%) and clothing & footwear (0.2% vs 0.3%). In addition, costs decreased for transport (-0.4% vs 3.7%); housing & utilities (-0.5%, the same pace as in March); communication (-0.6%, the same pace as in March) and health (-0.3% vs -0.2%). In contrast, inflation picked up for food & non-alcoholic beverages (6.1% vs 3.9%). On a monthly basis, consumer prices went down 0.1%, after increasing 0.1% in the prior month.
2020-05-20
Saudi Arabia March Inflation Rate Highest since 2016
Saudi Arabia's annual inflation rate rose to 1.5% in March of 2020 from 1.2% in the previous month. It was the highest inflation rate since October of 2016, as prices advanced faster for food & beverages (3.9% vs 3.4% in February), namely meat (5.5%) and vegetables (12.7%); recreation & culture (0.9% vs 0.4%) and miscellaneous goods & services (1.7% vs 1.2%). Meantime, inflation remained steady for transport (at 3.7%); restaurants & hotels (at 1.3%); clothing & footwear (at 0.3%) and education (at 1.5%). On the other hand, costs fell for housing & utilities (-0.5% vs -0.7%); health (-0.5%, the same pace as in February) and communicatijn (-0.6%, the same pace as in February). On a monthly basis, consumer prices edged up 0.1%, after increasing 0.3% in the previous month.
2020-04-22

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.