Saudi Arabia Wholesale Inflation Highest in Near 2 Years

Saudi Arabia’s annual wholesale price inflation climbed to 3.5% in February 2026 from 2.9% in the previous month, marking the highest reading since March 2024. Cost pressures accelerated for food products, beverages and tobacco, and textiles (0.4% vs 0.3% in January), transportable goods excluding metal products, machinery and equipment (6.5% vs 4.9%), and metal products, machinery and equipment (1.4% vs 1.2%). However, price growth slowed for agriculture and fishery products (2.5% vs 4.2%), while cost declined further for ores and minerals (-0.2% vs -0.1%). On a monthly basis, wholesale prices inched up 0.1%, easing from a 1.5% increase in January.

Saudi Arabia’s annual wholesale price inflation dropped to 2.9% in January 2026 from December's 15-month high of 3.1%. Cost pressures eased for food products, beverages and tobacco, and textiles (0.3% vs 0.5% in December), as well as for other transportable goods excluding metal products, machinery and equipment (4.9% vs 5.7%). Meanwhile, prices of ores and minerals remained subdued, though the pace of decline softened (-0.1% vs -1.0%). In contrast, inflation accelerated for agriculture and fishery products (4.2% vs 3.6%) and for metal products, machinery and equipment (1.2% vs 1.1%). On a monthly basis, wholesale prices increased by 1.5%, reversing a 1.0% decline in December.

Saudi Arabia’s annual wholesale price inflation climbed to 3.1% in December 2025 from 2.3% in the previous month. This marked the highest reading since September 2024, as costs increased for agriculture and fishery products (3.6% vs 2.3% in November), other transportable goods, except metal products, machinery and equipment (5.7% vs 4.3%), and metal products, machinery and equipment (1.1% vs 0.8%). Meanwhile, price eased for food products, beverages, and tobacco and textiles (0.2% vs 0.5%), while prices for ores and minerals fell further (-1% vs -0.8%). On a monthly basis, wholesale prices declined by 1% in December, following a 0.3% drop in the prior month.