Annual inflation rate in Saudi Arabia increased to 2.7% in July of 2022 from 2.3% in June. It was the highest inflation rate since June 2021, due to a faster rise in prices of both transport (3.6% vs 2.5%) mainly purchase of motor cars (4.2%); and housing, water, electricity, gas, and other fuels (2.0% vs 1%), mainly rents for housing (2.1%). Main upward pressures also came from food and beverages (3.9%), namely meat (5.1%); personal goods and services (2.1% vs 2.4%), mainly wedding hall rental (+22.0%); education (5.7%), namely secondary education (10.1%); restaurants and hotels (6.3%). Meanwhile, prices dropped for clothing and footwear (-1.2%), namely garments (-1.5%). Compared to the previous month, consumer prices were up 0.5%, the most since July 2020, after a 0.2% rise in June. 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 August of 2022.

Inflation Rate in Saudi Arabia is expected to be 2.60 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
2022-07-14 07:00 AM Jun 2.3% 2.2% 2.2%
2022-08-15 06:00 AM Jul 2.7% 2.3% 2.6% 2.5%
2022-09-15 06:00 AM Aug 2.7%


Related Last Previous Unit Reference
Inflation Rate 2.70 2.30 percent Jul 2022
Consumer Price Index CPI 107.20 106.66 points Jul 2022
Food Inflation 3.90 4.40 percent Jul 2022
Producer Prices Change 6.80 8.10 percent Jul 2022
Producer Prices 150.50 151.10 points Jul 2022
Inflation Rate Mom 0.50 0.20 percent Jul 2022
CPI Transportation 118.65 117.37 points Jul 2022
CPI Housing Utilities 89.68 89.04 points Jul 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
2.70 2.30 11.10 -5.00 2000 - 2022 percent Monthly
2018=100

News Stream
Saudi Inflation Rate at 13-Month High of 2.7%
Annual inflation rate in Saudi Arabia increased to 2.7% in July of 2022 from 2.3% in June. It was the highest inflation rate since June 2021, due to a faster rise in prices of both transport (3.6% vs 2.5%) mainly purchase of motor cars (4.2%); and housing, water, electricity, gas, and other fuels (2.0% vs 1%), mainly rents for housing (2.1%). Main upward pressures also came from food and beverages (3.9%), namely meat (5.1%); personal goods and services (2.1% vs 2.4%), mainly wedding hall rental (+22.0%); education (5.7%), namely secondary education (10.1%); restaurants and hotels (6.3%). Meanwhile, prices dropped for clothing and footwear (-1.2%), namely garments (-1.5%). Compared to the previous month, consumer prices were up 0.5%, the most since July 2020, after a 0.2% rise in June.
2022-08-15
Saudi Arabia Inflation Rate Edges Higher to 2.3%
Annual inflation rate in Saudi Arabia edged higher to 2.3% in June of 2022 from 2.2% in May, mainly driven by prices of food and beverages (+4.4%), namely meat (4.5%); and transport (+2.5%) mainly purchase of motor cars (3.3%). Other price pressure also came from cost of personal goods and services (2.4%), mainly wedding hall rental (+18.5%); education (6.2%), namely secondary education (13.8%); restaurants and hotels (4.9%); housing, water, electricity, gas, and other fuels (1%), mainly rents for housing (1.1%). On the other hand, prices fell for clothing and footwear (-1.3%), namely garments (-1.6%); and tobacco (-0.1%). Compared to the previous month, consumer prices edged up 0.2%.
2022-07-14
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