Annual inflation rate in Saudi Arabia increased to 6.2% in June of 2021, the highest reading since August last year, from 5.7% in May, still reflecting a VAT increase to 15% from 5% in July of 2020. Biggest upward pressure came from prices of transport (22.6%), namely purchasing vehicles (10.6%) and operating of personal transport equipment prices (56.2%); and food and beverages (8.1%), mainly due to the increase in prices of food (8.0%). Other upward pressure came tobacco prices (12.3%); communication services (13.2%); furniture, household equipment and household maintenance (7.9%); miscellaneous goods and services (4.5%), mainly resulting from an increase in prices of jewelry, clocks and watches (13.7%). On the other hand, prices fell for education (-9.1%); housing and utilities (-2.3%), mainly actual rentals for housing (-3.4%). On a monthly basis, consumer prices were up 0.2%. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 2.03 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 July of 2021.

Inflation Rate in Saudi Arabia is expected to be 1.20 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 2.10 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
6.20 5.70 11.10 -5.00 2000 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 06:00 AM Mar 4.9% 5.2% 5.5%
2021-05-20 06:00 AM Apr 5.3% 4.9% 5.7%
2021-06-15 06:10 AM May 5.7% 5.3% 5.7%
2021-07-15 06:00 AM Jun 6.2% 5.7% 6.2%
2021-08-16 06:00 AM Jul 6.2% 0.9%
2021-09-15 06:00 AM Aug 0.9%
2021-10-15 06:00 AM Sep
2021-11-15 08:00 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 at 10-Month High of 6.2%
Annual inflation rate in Saudi Arabia increased to 6.2% in June of 2021, the highest reading since August last year, from 5.7% in May, still reflecting a VAT increase to 15% from 5% in July of 2020. Biggest upward pressure came from prices of transport (22.6%), namely purchasing vehicles (10.6%) and operating of personal transport equipment prices (56.2%); and food and beverages (8.1%), mainly due to the increase in prices of food (8.0%). Other upward pressure came tobacco prices (12.3%); communication services (13.2%); furniture, household equipment and household maintenance (7.9%); miscellaneous goods and services (4.5%), mainly resulting from an increase in prices of jewelry, clocks and watches (13.7%). On the other hand, prices fell for education (-9.1%); housing and utilities (-2.3%), mainly actual rentals for housing (-3.4%). On a monthly basis, consumer prices were up 0.2%.
2021-07-15
Saudi Arabia Inflation Rate Rises to 5.7%
Annual inflation rate in Saudi Arabia went up to 5.7% in May of 2021, the highest reading in 4 months, from 5.3% in April, still reflecting a VAT increase to 15% from 5% in July of 2020. Biggest upward pressure came from prices of food and beverages (7.4%), namely meat (6.8%) and vegetables (6.7%) and transport (19.3%), namely purchasing vehicles (8.7%). Other upward pressure came from tobacco prices (13.3%); communication services (13.5%); furniture, household equipment and household maintenance (8.1%); miscellaneous goods and services (5.1%), mainly resulting from an increase in prices of jewelry, clocks and watches (14.4%). On the other hand, prices fell for education (-9.1%); housing and utilities (-2.6%), mainly actual rentals for housing (-3.8%). On a monthly basis, consumer prices edged up 0.2%.
2021-06-15
Saudi Arabia Inflation Rate Edges Up to 5.3%
Saudi Arabia annual inflation rate increased to 5.3 percent in April of 2021 from 4.9 percent in March, with main upward pressure coming from food prices (8.4 percent), namely meat (9.7 percent) and vegetables (6.1 percent). Increases were also seen for transport (14.9 percent), mainly vehicles (10.3 percent); tobacco (13.1 percent); communication services (13.5 percent); furniture and household equipment (7.4 percent), namely furniture and carpets (9.5 percent); miscellaneous goods and services (4.8 percent), mainly jewellery, clocks and watches (14.5 percent). On the other hand, prices for education declined by 9.1 percent and housing and utilities dropped 2.6 percent due to 3.7 percent fall in rental cost. The CPI continues to reflect the increase in the VAT from 5% to 15% in July 2020.
2021-05-20
Saudi Arabia Inflation Rate Eases to 9-Month Low
Annual inflation rate in Saudi Arabia declined to 4.9 percent in March of 2021 from 5.2 percent in the previous month. It was the lowest inflation rate since last June, as food & non-alcoholic beverages inflation eased to an 9-month low of 10.2 percent in March from 11.2 percent in February, while housing & utilities prices dropped faster (-2.7 percent vs -2.6 percent). Also, inflation slowed for clothing & footwear (5.6 vs 6.2 percent), miscellaneous goods & services (4.8 percent vs 5.8 percent), furnishings (7.4 percent vs 8.2 percent), tobacco (13.1 percent vs 13.2 percent) and restaurants & hotels (7.8 percent vs 8.0 percent), while communication inflation was steady (at 13.2 percent). Meantime, prices continued to increase for transport (10.5 percent vs 9.8 percent). On the other hand, prices of education fell further (-9.5 percent, the same pace as in February). On a monthly basis, consumer prices edged down 0.1 percent, the same pace as in the previous month.
2021-04-15

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.