Annual inflation rate in Saudi Arabia declined to 5.3 percent in December of 2020, the least since June, from 5.8 percent in the previous month. Food & non-alcoholic beverages inflation eased to 3-month low of 12.7 percent in December from 13 percent in November, while transport inflation slowed to 6.9 percent from 8 percent. Also, inflation declined for both miscellaneous goods & services (6.1 percent vs 7.3 percent) and furnishings (7.5 percent vs 7.6 percent). Meanwhile, inflation accelerated for tobacco (13.7 percent vs 13.3 percent); communication (11.4 percent vs 11.1 percent); restaurants & hotels (7.5 percent vs 7.1 percent); and clothing & footwear (6.1 percent vs 6 percent). On the other hand, prices fell further for education (-8.6 percent, the same pace as in November) and housing & utilities (-1.5 percent vs -0.8 percent).On a monthly basis, consumer prices were down 0.2 percent, after declining 0.1 percent in the previous month. source: Central Department of Statistics & Information, Saudi Arabia

Inflation Rate in Saudi Arabia averaged 1.95 percent from 2000 until 2020, 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 February of 2021.

Inflation Rate in Saudi Arabia is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Saudi Arabia to stand at 6.00 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 5.00 percent in 2022, according to our econometric models.

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Saudi Arabia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.80 11.10 -5.00 2000 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-15 06:00 AM Sep 5.7% 6.2% 6.2%
2020-11-15 08:00 AM Oct 5.8% 5.7% 5.1%
2020-12-15 06:00 AM Nov 5.8% 5.8% 5.5%
2021-01-14 06:00 AM Dec 5.3% 5.8% 6.0%
2021-02-18 09:00 AM Jan 5.3% 5.7%
2021-03-25 06:00 AM Feb 5.6%
2021-04-22 06:00 AM Mar
2021-05-20 09:00 AM Apr


News Stream
Saudi Arabia Inflation Rate Eases to 6-Month Low
Annual inflation rate in Saudi Arabia declined to 5.3 percent in December of 2020, the least since June, from 5.8 percent in the previous month. Food & non-alcoholic beverages inflation eased to 3-month low of 12.7 percent in December from 13 percent in November, while transport inflation slowed to 6.9 percent from 8 percent. Also, inflation declined for both miscellaneous goods & services (6.1 percent vs 7.3 percent) and furnishings (7.5 percent vs 7.6 percent). Meanwhile, inflation accelerated for tobacco (13.7 percent vs 13.3 percent); communication (11.4 percent vs 11.1 percent); restaurants & hotels (7.5 percent vs 7.1 percent); and clothing & footwear (6.1 percent vs 6 percent). On the other hand, prices fell further for education (-8.6 percent, the same pace as in November) and housing & utilities (-1.5 percent vs -0.8 percent).On a monthly basis, consumer prices were down 0.2 percent, after declining 0.1 percent in the previous month.
2021-01-14
Saudi Arabia November Inflation Rate Unchanged at 5.8%
Annual inflation rate in Saudi Arabia stood at 5.8 percent in November of 2020, unchanged from the previous month. Food & non-alcoholic beverages inflation was steady (at 13 percent). Prices rose faster for transport (8 percent vs 7 percent); miscellaneous goods & services (7.3 percent vs 6.9 percent); and tobacco (13.3 percent vs 13.2 percent). Meanwhile, prices increased less for communication (11.1 percent vs 11.4 percent); furnishings (7.6 percent vs 8.1 percent); restaurants & hotels (7.1 percent vs 7.5 percent); and clothing & footwear (6 percent vs 6.4 percent). On the other hand, prices fell for education (-8.6 percent vs -8.6 percent) and housing & utilities (-0.8 percent vs -0.7 percent).On a monthly basis, consumer prices edged down 0.1 percent, after increasing 0.1 percent in the previous month.
2020-12-15
Saudi Arabia October Inflation Rate Ticks Up to 5.8%
Annual inflation rate in Saudi Arabia rose to 5.8 percent in October of 2020 from 5.7 percent in September, mainly due to higher prices of food & non-alcoholic beverages (13 percent vs 12.6 percent), reflecting the impact of higher VAT since July. Additional upward pressure came from costs of tobacco (13.2 percent vs 13.3 percent); communication (11.4 percent vs 9.5 percent); furnishings (8.1 percent vs 8.3 percent); restaurants & hotels (7.5 percent vs 7.1 percent); transport (7 percent vs 7.8 percent); miscellaneous goods & services (6.9 percent vs 6.1 percent) and clothing & footwear (6.4 percent vs 6.1 percent). On the other hand, prices fell for education (-8.6 percent vs -8.3 percent) and housing & utilities (-0.7 percent after showing no growth in September).On a monthly basis, consumer prices went up 0.1 percent, after decreasing 0.2 percent in the previous month.
2020-11-15
Saudi Arabia Inflation Rate Eases to 3-Month Low
Annual inflation rate in Saudi Arabia declined to 5.7 percent in September of 2020 from 6.2 percent in August, reaching the lowest rate since June. Prices rose softer for both food and beverages (12.6 percent vs 13.5 percent in August) and transport (7.8 percent vs 8.2 percent), while housing, water, electricity, gas and other fuels prices were unchanged, after a 0.2 percent gain in August. Also, prices increased less for furnishings, household equipment and maintenance (8.3 percent vs 8.4 percent), restaurants and hotels (7.1 percent vs 7.7 percent). In addition, prices of education dropped sharply (-8.3 percent vs 1.2 percent). On a monthly basis, consumer prices were down 0.2 percent, after a 0.2 percent rise in August.
2020-10-15

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.