Inflation Rate in Saudi Arabia decreased to 2.20 percent in May from 2.30 percent in April of 2025. This dataset provides - Saudi Arabia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia inflation rate for 2024 was 1.69%, a 0.64% decline from 2023.

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<li>Saudi Arabia inflation rate for 2023 was <strong>2.33%</strong>, a <strong>0.15% decline</strong> from 2022.</li>
<li>Saudi Arabia inflation rate for 2022 was <strong>2.47%</strong>, a <strong>0.59% decline</strong> from 2021.</li>
<li>Saudi Arabia inflation rate for 2021 was <strong>3.06%</strong>, a <strong>0.38% decline</strong> from 2020.</li>
</ul>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.

The statistic shows the inflation rate in Saudi Arabia from 1987 to 2022, with projections up until 2030. 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 0.10 percent in May 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 2.22 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.32 percent. Compared to a year ago, we see an increase from...

Cost of food in Saudi Arabia increased 2.20 percent in April 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.

Graph and download economic data for Inflation, consumer prices for Saudi Arabia (FPCPITOTLZGSAU) from 1964 to 2024 about Saudi Arabia, consumer, CPI, inflation, price index, indexes, and price.

Inflation, consumer prices (annual %) in Saudi Arabia was reported at 1.6879 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Explore the Saudi Arabia Inflation Rate dataset to analyze the Consumer Price Index (CPI) trends in Saudi Arabia. Stay informed with the latest data from the Saudi Arabian Monetary Authority (SAMA) Daily reports.

Saudi Arabia CPI, Saudi Arabia Inflation Rate, SAMA Daily

Saudi ArabiaFollow data.kapsarc.org for timely data to advance energy economics research..

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

This dataset is about the Inflation for Saudi Arabia for 2009 - Jan 2020 (Base year 2007 & 2013). Data from Saudi Arabian Monetary Authority. Follow datasource.kapsarc.org for timely data to advance energy economics research.Note:- Data found here from January 2018 till January 2020 was 2013 base year CPI calculation- Data found here from October 2009 till December 2017 was 2007 base year CPI calculation.You can find Saudi Arabia Inflation Rate with the latest 2018 base year on KAPSARC Dataportal.

Inflation, monthly percent change in the CPI in Saudi Arabia, May, 2025 The most recent value is 0.07 percent as of May 2025, a decline compared to the previous value of 0.32 percent. Historically, the average for Saudi Arabia from February 2000 to May 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

Consumer Price Index CPI in Saudi Arabia increased to 113.46 points in April from 113.10 points in March of 2025. This dataset provides - Saudi Arabia Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2020 post the COVID-19 pandemic, Saudi Arabia had a change in the year-to-year inflation rate of about 3.4 percent. Among the various regions of the world, it was predicted that the Middle East and North Africa (MENA) region would have the highest inflation rate in 2021. Inflation on the rise worldwide Inflation refers to the increase in the prices of goods and services in an economy. Global inflation has been on the rise due to many factors, including supply chain interruptions brought about after major COVID-19 lockdowns. The global inflation rate was expected to peak in 2022 compared to the previous 20 years. Inflation in MENA Inflation comes with varied impacts. It increases the prices of goods and services and subsequently reduces the purchasing power. In 2021, the consumer price index (CPI) of tobacco and narcotics increased to nearly 135 in Kuwait. In the United Arab Emirates (UAE), beverage and tobacco prices have similarly increased since 2016.

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.

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]

This statistic shows the average inflation rate in the Mashriq countries in 2023. The Mashriq, also Mashreq, is the region encompassing the eastern part of the Arab World, comprising the countries Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, United Arab Emirates, and Yemen. In 2023, the average inflation rate in Egypt amounted to about 24.39 percent compared to the previous year.

ABSTRACT Food prices play a major role in setting inflation rates, and in recent years’ global climatic conditions has worsened a lot while global demand is increasing due to the growth of the middle class in countries such as China and India. Rising food prices remains a key concern for the government of Saudi Arabia. Saudi Arabia remains vulnerable to increases in food prices due to its high dependence on imports. The Saudi economy is an open-market based economy which is reflected by data of foreign trade with trading partners of the Kingdom. High degree of economic openness of a country causes the domestic inflation rate to be affected by change in the prices of goods in the country of origin. Saudi government is facing the challenge of limiting inflation amid a spike in global food prices. Another major challenge to the effectiveness of the Saudi monetary policy is the lack of autonomy due to the pegged exchange rate system with the US dollar. This paper attempts to study the market dynamics of the kingdom of Saudi Arabia, drivers responsible for inflation and measures that has been taken by the government to deal with the situation.

In 2019, the inflation rate of the United Arab Emirates was at 1.93 percent compared to the previous year. For 2018, estimates show a sharp increase of over 3.07 percent, before inflation slumps back to around 2 percent in 2029.

Oil is keeping everything afloat

The economy of the United Arab Emirates heavily relies on oil and its respective revenues. The UAE possess vast stable oil reserves, and crude oil production is steadily increasing. Naturally, oil exports – mostly to the Asia-Pacific region – are the main economic driver, and the industrial and services sectors have divided generation of GDP almost evenly among themselves. Oil has caused the UAE economy to thrive and caused an impressive trade surplus just a few years ago, before a dramatic (but still not overly concerning) slump.

Oil is dragging everything down

When oil prices decreased, so did the trade surplus, and inflation mirrored this by skyrocketing from around one percent to over four percent in three years. Another three years later, in 2018, it spiked again at over 3.5 percent – another response to dropping oil prices. Diversifying the economy is one way for the UAE to diminish oil’s monopoly; tourism has been a growing industry over the last few years and might just stabilize inflation if another oil price slump hits.