Annual inflation rate in Saudi Arabia increased to 5.7 percent in January of 2021 from 5.3 percent in the previous month, reflecting the impact of a hike in VAT rate in July 2020. Inflation accelerated for both transport (9.6 percent vs 6.9 percent in December 2020) and communication (13.8 percent vs 11.4 percent), while clothing & footwear inflation was steady (at 6.1 percent). Meantime, inflation eased for food & non-alcoholic beverages (12.3 percent vs 12.7 percent); miscellaneous goods & services (5.6 percent vs 6.1 percent); furnishings (7.4 percent vs 7.5 percent); tobacco (12.0 percent vs 13.7 percent) and restaurants & hotels (6.9 percent vs 7.5 percent). In addition, housing & utilities prices dropped less (-0.9 percent vs -1.5 percent). On the other hand, prices of education continued to fall (-9.8 vs -8.6 percent). On a monthly basis, consumer prices were up 0.2 percent, after declining by 0.2 percent in the previous month. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 1.96 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 February of 2021.

Inflation Rate in Saudi Arabia is expected to be 5.90 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 6.00 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 5.00 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.70 5.30 11.10 -5.00 2000 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-15 08:00 AM Oct 5.8% 5.7% 5.1%
2020-12-15 06:00 AM Nov 5.8% 5.8% 5.5%
2021-01-14 06:00 AM Dec 5.3% 5.8% 6.0%
2021-02-16 07:00 AM Jan 5.7% 5.3% 5.7%
2021-03-25 06:00 AM Feb 5.7% 5.6%
2021-04-22 06:00 AM Mar
2021-05-20 09:00 AM Apr
2021-06-24 06:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Saudi Arabia Inflation Accelerates to 5.7%
Annual inflation rate in Saudi Arabia increased to 5.7 percent in January of 2021 from 5.3 percent in the previous month, reflecting the impact of a hike in VAT rate in July 2020. Inflation accelerated for both transport (9.6 percent vs 6.9 percent in December 2020) and communication (13.8 percent vs 11.4 percent), while clothing & footwear inflation was steady (at 6.1 percent). Meantime, inflation eased for food & non-alcoholic beverages (12.3 percent vs 12.7 percent); miscellaneous goods & services (5.6 percent vs 6.1 percent); furnishings (7.4 percent vs 7.5 percent); tobacco (12.0 percent vs 13.7 percent) and restaurants & hotels (6.9 percent vs 7.5 percent). In addition, housing & utilities prices dropped less (-0.9 percent vs -1.5 percent). On the other hand, prices of education continued to fall (-9.8 vs -8.6 percent). On a monthly basis, consumer prices were up 0.2 percent, after declining by 0.2 percent in the previous month.
2021-02-16
Saudi Arabia Inflation Rate Eases to 6-Month Low
Annual inflation rate in Saudi Arabia declined to 5.3 percent in December of 2020, the least since June, from 5.8 percent in the previous month. Food & non-alcoholic beverages inflation eased to 3-month low of 12.7 percent in December from 13 percent in November, while transport inflation slowed to 6.9 percent from 8 percent. Also, inflation declined for both miscellaneous goods & services (6.1 percent vs 7.3 percent) and furnishings (7.5 percent vs 7.6 percent). Meanwhile, inflation accelerated for tobacco (13.7 percent vs 13.3 percent); communication (11.4 percent vs 11.1 percent); restaurants & hotels (7.5 percent vs 7.1 percent); and clothing & footwear (6.1 percent vs 6 percent). On the other hand, prices fell further for education (-8.6 percent, the same pace as in November) and housing & utilities (-1.5 percent vs -0.8 percent).On a monthly basis, consumer prices were down 0.2 percent, after declining 0.1 percent in the previous month.
2021-01-14
Saudi Arabia November Inflation Rate Unchanged at 5.8%
Annual inflation rate in Saudi Arabia stood at 5.8 percent in November of 2020, unchanged from the previous month. Food & non-alcoholic beverages inflation was steady (at 13 percent). Prices rose faster for transport (8 percent vs 7 percent); miscellaneous goods & services (7.3 percent vs 6.9 percent); and tobacco (13.3 percent vs 13.2 percent). Meanwhile, prices increased less for communication (11.1 percent vs 11.4 percent); furnishings (7.6 percent vs 8.1 percent); restaurants & hotels (7.1 percent vs 7.5 percent); and clothing & footwear (6 percent vs 6.4 percent). On the other hand, prices fell for education (-8.6 percent vs -8.6 percent) and housing & utilities (-0.8 percent vs -0.7 percent).On a monthly basis, consumer prices edged down 0.1 percent, after increasing 0.1 percent in the previous month.
2020-12-15
Saudi Arabia October Inflation Rate Ticks Up to 5.8%
Annual inflation rate in Saudi Arabia rose to 5.8 percent in October of 2020 from 5.7 percent in September, mainly due to higher prices of food & non-alcoholic beverages (13 percent vs 12.6 percent), reflecting the impact of higher VAT since July. Additional upward pressure came from costs of tobacco (13.2 percent vs 13.3 percent); communication (11.4 percent vs 9.5 percent); furnishings (8.1 percent vs 8.3 percent); restaurants & hotels (7.5 percent vs 7.1 percent); transport (7 percent vs 7.8 percent); miscellaneous goods & services (6.9 percent vs 6.1 percent) and clothing & footwear (6.4 percent vs 6.1 percent). On the other hand, prices fell for education (-8.6 percent vs -8.3 percent) and housing & utilities (-0.7 percent after showing no growth in September).On a monthly basis, consumer prices went up 0.1 percent, after decreasing 0.2 percent in the previous month.
2020-11-15

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.