Saudi Arabia Inflation Rate

Last Release

Dec 31, 2024

Actual

1.9

Units In

Frequency

Monthly

Next Release

Feb 16, 2025

Time to Release

30 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
11.1 Jul 2008	-5 Dec 2018	2.02 %	2000-2024	N/A

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.

Latest Updates

The annual inflation rate in Saudi Arabia edged lower to 1.9% in December 2024, down from a fifteen-month high of 2% in November. Although housing and utilities prices rose at a slightly slower pace of 8.9% compared to 9.1% in November, they remained elevated. This, coupled with a sharper increase in food and beverage prices (0.8% vs. 0.3%), limited any significant easing. Meanwhile, several sub-indexes remained in deflation, including clothing and footwear (-2.2% vs. -2.3%), health (-1.1% vs. -1.3%), transport (unchanged at -2.5%), communication (unchanged at -1.5%), and recreation and culture (-1.6% vs. -1.1%). On a monthly basis, the CPI was unchanged, following a 0.3% increase in the prior period. For the full year, the average consumer inflation rate stood at 1.7%, primarily driven by sharp annual increases in the costs of housing, water, electricity, gas, and other fuels, as well as food and beverages.