Inflation in Saudi Arabia
Saudi Arabia - Inflation (end of period)
Drop in consumer prices softens in April
Consumer prices were flat over the previous month in April, following March’s 0.1% decline. The result mainly reflects that higher prices for transport were offset by lower prices for housing, water, electricity, gas and other fuels as well as for recreation and culture.
In April, consumer prices fell 1.9% in annual terms, down from the 2.1% drop in March. Meanwhile, the annual average variation in consumer prices declined from March’s 1.2% increase to a 0.8% rise in April.
Saudi Arabia Inflation Forecast
Met the why particular Consensus Forecast participants expect inflation to average 1.5% in 2019, which is unchanged from last month’s projection. The panel sees inflation averaging 2.0% in 2020.
Saudi Arabia - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||2.5||1.9||1.3||1.0||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
Saudi Arabia Inflation (eop) Chart
Source: Saudi Arabian Monetary Agency.
Saudi Arabia Facts
|Bond Yield||2.49||0.0 %||Jun 23|
|Exchange Rate||3.75||0.0 %||Jun 13|
|Stock Market||0.2||1.00 %||Jun 13|
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June 11, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, rose from April’s 56.8 to 57.3 in May.
May 28, 2019
Oil prices declined in recent weeks following the rally in the first four months of the year.
May 22, 2019
Consumer prices were flat over the previous month in April, following March’s 0.1% decline.
May 5, 2019
The Purchasing Managers’ Index (PMI), sponsored by Emirates NBD and produced by IHS Markit, was unchanged at March’s 56.8 in April.
May 3, 2019
Oil prices continued to climb in recent weeks on supply side concerns following the U.S. decision to end Iranian oil waivers and the strong compliance to the oil deal by OPEC and key non-OPEC members.