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. source: Central Department of Statistics & Information, Saudi Arabia
Inflation Rate in Saudi Arabia averaged 1.93 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 December of 2020.
Inflation Rate in Saudi Arabia is expected to be 6.00 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 4.30 in 12 months time. In the long-term, the Saudi Arabia Inflation Rate is projected to trend around 5.20 percent in 2021 and 5.00 percent in 2022, according to our econometric models.