Saudi Arabia Wholesale Inflation Rises to Near 4-Year High

Saudi Arabia’s annual wholesale price inflation rose to 4.8% in June 2026 from 4.6% in May, marking the highest level since August 2022. Prices for other transportable goods, excluding metal products, machinery, and equipment increased further (9.3% vs 9.1% in May), mainly driven by higher costs for basic chemicals (62.0% vs 59.0%). Prices for metal products, machinery, and equipment also went up (1.6% vs 1.5%), while inflation for agricultural and fishery products accelerated (4.0% vs 3.0%). Prices for food products, beverages and tobacco, and textiles edged up 0.2% after falling 0.1% in the previous month. Meanwhile, prices for ores and mineral products continued to decrease, albeit at a slightly slower pace (-0.5% vs -0.6%). On a monthly basis, wholesale prices increased 0.2%, easing from a 1.2% jump in May.

Saudi Arabia’s annual wholesale price inflation accelerated to 4.6% in May 2026 from 3.3% in each of the previous two months. This marked the highest reading since October 2022, as price growth picked up mainly for other transportable goods, excluding metal products, machinery, and equipment (9.1% vs 6.4% in April), driven by a 59.0% increase in basic chemical prices and a 3.9% rise in refined petroleum product prices. Inflation also accelerated for agriculture and fishery products (3.0% vs 1.7%), reflecting higher prices for agricultural products (2.8%) and live animals and animal products (4.9%). Costs also rose faster for metal products, machinery, and equipment (1.5% vs 1.1%). Meanwhile, prices for ores and minerals continued to decline, though at a slower pace (-0.6% vs -0.3%), while food products, beverages, tobacco, and textiles slipped into deflation (-0.1% vs 0.8%). On a monthly basis, wholesale prices jumped 1.2%, following a 0.2% increase in April.

Saudi Arabia’s annual wholesale price inflation rate stood at 3.3% in April 2026, unchanged from the previous month. Price growth was steady for other transportable goods, except for metal products, machinery, and equipment at 6.4%, which matched the previous month’s pace, while inflation rose to 0.8% in food products, beverages, tobacco, and textiles after remaining flat in March. Meanwhile, costs edged lower in agriculture and fishery products (1.7% vs 1.8%) and in metal products, machinery, and equipment (1.1% vs 1.2%). In contrast, deflation persisted in ores and minerals (-0.3% vs -0.2%). On a monthly basis, prices were also unchanged at 0.2% in April.