The annual wholesale price inflation in Saudi Arabia slowed for the second straight month to 10.2 percent in May of 2022 from 10.7 percent in the previous month. It was the lowest wholesale inflation since March last year, due to softer rises in prices of metal products, machinery and equipment (7.7 percent vs 8.8 percent in April), other transportable goods (12.0 percent vs 12.5 percent), and agriculture and fishery products (17.1 percent vs 18.7 percent). Meanwhile, prices increased further for both food products, beverages, tobacco and textiles (8.3 percent vs 7.1 percent) and ores and minerals (8.6 percent vs 6.1 percent). On a monthly basis, wholesale prices were up 1.4 percent, accelerating from a 1.0 percent gain in April. source: Central Department of Statistics & Information, Saudi Arabia
Producer Prices Change in Saudi Arabia averaged 3.75 percent from 1994 until 2022, reaching an all time high of 19.70 percent in June of 2021 and a record low of -5.36 percent in September of 2009. This page provides - Saudi Arabia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Producer Prices Change in Saudi Arabia is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Wholesale Prices Change is projected to trend around 3.50 percent in 2023 and 4.00 percent in 2024, according to our econometric models.