Saudi Arabia Wholesale Inflation Slightly Eases

Saudi Arabia’s annual wholesale price inflation rate edged lower to 3.3% in March 2026, from a near two-year high of 3.5% in the previous month. Cost pressures moderated for agriculture and fishery products (1.6% vs 2.5% in February), other transportable goods except metal products, machinery and equipment (6.4% vs 6.5%), and metal products, machinery and equipment (1.2% vs 1.4%). Additionally, prices were flat for food products, beverages, tobacco, and textiles after rising 0.4% in the prior month, while remaining unchanged for ores and minerals (-0.2%). On a monthly basis, wholesale prices edged up to 0.2% from 0.1% in February 2026.

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.