The annual inflation rate in Saudi Arabia edged down to 2.2% in May of 2022 from 2.3% in the previous month, and below market expectations of a 2.5% gain, amid a softer rise in prices of food and beverages (4.2% vs 4.3%), transport (4.0% vs 4.6%), and personal goods and services (2.1% vs 2.8%). Meanwhile, prices of housing, water, electricity, gas, and other fuels continued to rise (0.5% vs 0.2% in April), as a result of the increase in rents for housing by 0.5%. Also, prices increased further for education (6.2% vs 6.2%), restaurants and hotels (4.1% vs 3.2%), and furnishing, household equipment & maintenance (1.8% vs 1.4%). By contrast, prices of clothing and footwear continued to fall (-1.7% vs -0.7%). On a monthly basis, consumer prices inched up 0.1%, the least in five months, and compared to market consensus of a 0.4% growth. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 2 percent from 2000 until 2022, 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 2022.

Inflation Rate in Saudi Arabia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Saudi Arabia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-15 06:00 AM Apr 2.3% 2% 2.2% 2.1%
2022-06-15 06:00 AM May 2.2% 2.3% 2.5% 2.6%
2022-07-15 06:00 AM Jun 2.2%


Related Last Previous Unit Reference
Inflation Rate 2.20 2.30 percent May 2022
Consumer Price Index CPI 106.42 106.29 points May 2022
Food Inflation 4.20 4.30 percent May 2022
Producer Prices Change 10.20 10.70 percent May 2022
Producer Prices 151.00 149.00 points May 2022
Inflation Rate Mom 0.10 0.40 percent May 2022
CPI Transportation 117.03 117.07 points May 2022
CPI Housing Utilities 88.90 88.82 points May 2022
GDP Deflator 103.72 112.65 points Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 11.10 -5.00 2000 - 2022 percent Monthly
2018=100

News Stream
Saudi Arabia Inflation Rate Below Forecasts
The annual inflation rate in Saudi Arabia edged down to 2.2% in May of 2022 from 2.3% in the previous month, and below market expectations of a 2.5% gain, amid a softer rise in prices of food and beverages (4.2% vs 4.3%), transport (4.0% vs 4.6%), and personal goods and services (2.1% vs 2.8%). Meanwhile, prices of housing, water, electricity, gas, and other fuels continued to rise (0.5% vs 0.2% in April), as a result of the increase in rents for housing by 0.5%. Also, prices increased further for education (6.2% vs 6.2%), restaurants and hotels (4.1% vs 3.2%), and furnishing, household equipment & maintenance (1.8% vs 1.4%). By contrast, prices of clothing and footwear continued to fall (-1.7% vs -0.7%). On a monthly basis, consumer prices inched up 0.1%, the least in five months, and compared to market consensus of a 0.4% growth.
2022-06-15
Saudi Inflation Rate at 10-Month High of 2.3%
The annual inflation rate in Saudi Arabia climbed to 2.3% in April of 2022 from 2.0% in the previous month, beating market expectations of a 2.2% rise. It was the highest inflation rate since last June, as consumption accelerated during the fasting month of Ramadan and ahead of Eid-ul Fitr celebration. Transport prices increased by 4.6%, due to a rise in prices of both gasoline (9.5%) and vehicles (4.1%). Meanwhile, food and beverages prices went up by 4.3%, of which food (4.6%), including meat (3.5%) and vegetables (13.5%). At the same time, housing, water, electricity, gas, and other fuels prices rose by 0.2%, as a result of the increase in rents for housing by 0.2%. Also, prices rose for: personal goods and services (2.8%), education (6.2%), restaurants and hotels (3.2%). By contrast, prices dropped further for clothing and footwear (-0.7% vs -1.2%). On a monthly basis, consumer prices rose 0.4%, the most since July 2020, following a 0.3 percent gain in March.
2022-05-15
Saudi Arabia Inflation Rate Picks Up to 9-Month High
The annual inflation rate in Saudi Arabia increased to 2% in March of 2022 from 1.6% in the previous month, in line with market expectations. It was the highest inflation rate since last June, mainly due to higher prices of transport (4.7%) particularly gasoline (14.7%) and new cars (4.0%); and food and beverages (3.0%) of which food (3.3%) including meat (2.4%) and vegetables (9.4%). Also, prices rose for personal goods and services (2.9%), such as jewelry, clocks and watches (5.6%); education (6.3%), due to secondary education fees (19.8%); and restaurants and hotels (2.9%) including catering services (2.4%). Also, housing, water, electricity, gas, and other fuels prices increased by 0.2%, as a result of the increase in rents for housing by 0.2%. On the other hand, prices fell for clothing and footwear (-1.2%) due to clothing (-0.6%) and tobacco (-0.3%) due to cigarettes (-0.7%). On a monthly basis, consumer prices went up 0.3%, the same as in February.
2022-04-14