Inflation Rate in Saudi Arabia remained unchanged at 2 percent in February. This dataset provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the inflation rate in Saudi Arabia from 1987 to 2022, with projections up until 2029. In 2023, the average inflation rate amounted to 2.33 percent compared to the previous year. Oil production in Saudi Arabia Saudi Arabia’s economy relies heavily on production and export of oil and petroleum. A look at the distribution of global oil reserves by country shows that only Venezuela possesses a higher share in global oil reserves than the Arab state. All in all, Saudi Arabia’s economy is doing quite well. The oil reserves in Saudi Arabia have increased over the last two decades, and the same can be said for the country’s gross domestic product. The unemployment rate has been stable, while the trade balance has shown a steady upwards trend with a significant jump in 2011. Accordingly, Saudi Arabia’s national debt in relation to gross domestic product has been decreasing dramatically over the last ten years. Saudi Arabia is also among the countries with the highest oil consumption worldwide; a ranking of the share of the major consuming countries in global oil consumption, which is led by the United States (which consume almost one fifth of global oil), places Saudi Arabia sixth, behind the US, Russia, and China. Being one of the leading oil producing countries, Saudi Arabia is also a member of OPEC (Organization of the Petroleum Exporting Countries), an association whose primary goal is regulating crude oil prices worldwide and coordinating the oil production and trade of the member countries. According to OPEC, the average price for crude oil has been rising since the 1960s.

The Consumer Price Index in Saudi Arabia increased 0.20 percent in February of 2025 over the previous month. This dataset provides - Saudi Arabia Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2021, the consumer price inflation for Saudi Arabia was 3.1 percent. The consumer price inflation for Saudi Arabia was projected to decrease to 2.2 percent in 2023. The overall projection of the consumer price inflation for the entire Middle East and North Africa was on average 12.4 percent.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Saudi Arabia was 1.96 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 1.97 percent. Compared to a year ago, we see an increase from...

Cost of food in Saudi Arabia increased 1 percent in February of 2025 over the same month in the previous year. This dataset provides - Saudi Arabia Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 6.816 % in 2017. This records an increase from the previous number of -3.046 % for 2016. Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 6.312 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 150.355 % in 1974 and a record low of -26.870 % in 1986. Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

In 2023, the consumer price index in Saudi Arabia dropped to 2.4 percent. This was a slight drop from the previous year when the CPI was 2.5 percent. The CPI had peaked at 3.1 percent in 2021.

Inflation, monthly percent change in the CPI in Saudi Arabia, February, 2025 The most recent value is 0.17 percent as of February 2025, a decline compared to the previous value of 0.3 percent. Historically, the average for Saudi Arabia from February 2000 to February 2025 is 0.19 percent. The minimum of -1.05 percent was recorded in January 2019, while the maximum of 5.87 percent was reached in July 2020. | TheGlobalEconomy.com

In 2023, food and beverage inflation in Saudi Arabia increased by 1.2 percent over the previous year. The yearly food and beverage inflation change in the country has constantly fluctuated, with 2020 the recording the biggest increase at 12.7 percent.

Consumer Price Index CPI in Saudi Arabia increased to 112.28 points in December from 112.24 points in November of 2024. This dataset provides - Saudi Arabia Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

2.3 (%) in 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 6.816 % in 2017. This records an increase from the previous number of -3.046 % for 2016. Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 4.917 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 20.150 % in 2005 and a record low of -16.909 % in 2015. Saudi Arabia SA: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Key information about Saudi Arabia Consumer Price Index CPI growth

• Saudi Arabia Consumer Price Index (CPI) growth was measured at 2.0 % YoY in Jan 2025, compared with a rate of 1.9 % in the previous month.
• Saudi Arabia Consumer Price Index growth data is updated monthly, available from Feb 1981 to Jan 2025, with an averaged number of 1.2 % YoY.
• The data reached an all-time high of 11.1 % YoY in Jul 2008 and a record low of -4.2 % YoY in Sep 1985.

CEIC extends history for monthly Consumer Price Index Growth. General Authority for Statistics provides Consumer Price Index Growth with base 2018=100. Consumer Price Index Growth prior to December 1981 is sourced from the International Monetary Fund. [COVID-19-IMPACT]

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Arabie saoudite was 1.96 pour cent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 1.97 pour cent. Compared to a year ago, we see an increase...

This scatter chart displays tax revenue (% of GDP) against inflation (annual %) and is filtered where the country is Saudi Arabia. The data is about countries per year.

Between 2018 and 2022, Saudi Arabia observed net inflation of medical costs at the rate of 7.8 percent, which was the highest among the Gulf Cooperation Council (GCC) countries. The lowest net inflation rate was reported in Bahrain at 1.8 percent.

CPI Housing Utilities in Saudi Arabia increased to 109.92 points in December from 109.35 points in November of 2024. This dataset provides - Saudi Arabia Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2020, the inflation rate of Saudi Arabia was about 3.4 percent. In comparison, the inflation rate of Qatar was negative 2.7 percent for the same year. Influence of inflation on consumers Inflation is predicted to increase rapidly worldwide. This has also brought changes in the purchasing behavior of consumers. Consumers have changed their purchasing habits toward purchasing apparel, electronics, and beauty products with the increase in the prices of goods. A survey revealed the rising costs of groceries had impacted consumers’ online shopping behavior the most. Inflation rate in the MENA region Among the Middle East countries, the year-on-year inflation rate was projected to grow from negative 0.9 percent to 3.8 percent for Oman by 2021. It was also forecasted that the average inflation rate of Qatar would increase significantly over the years.

Housing Index in Saudi Arabia increased to 104.20 points in the fourth quarter of 2024 from 102.60 points in the third quarter of 2024. This dataset provides - Saudi Arabia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.