Annual inflation rate in Saudi Arabia increased to 0.6% in September of 2021, the highest reading since June, from 0.3% in August, and above market consensus of 0.4 percent. Biggest upward pressure came from prices of food and beverages (2.4% vs 1.9% in August), mainly due to the increase in prices vegetables (12.5%), meat and poultry (2%). Also, prices increased more for communication services (2.8% vs 2.6%); furniture, household equipment and household maintenance (0.7% vs 0.4%). Meanwhile, prices continued to rise for both transport (5.9% vs 6.5%) and tobacco (0.3% vs 0.6%). In addition, prices of housing and utilities fell less (-3.0% vs -3.5%). On the other hand, prices of miscellaneous goods and services dropped by 0.2%, reversing from a 0.3% gain in August. On a monthly basis, consumer prices were up 0.2%, accelerating from a 0.1 percent rise in August. source: Central Department of Statistics & Information, Saudi Arabia
Inflation Rate in Saudi Arabia averaged 2.01 percent from 2000 until 2021, 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 October of 2021.
Inflation Rate in Saudi Arabia is expected to be 2.00 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 2022, according to our econometric models.