Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Inflation Update
The General Authority for Statistics (Gastat) has released the Consumer Price Index data for January, showing negative growth in prices by 0.4 percent year-on-year, the first monthly deflation in twelve years. Looking ahead, we expect inflation to remain subdued in the first six months of 2017, before another hike in household electricity prices pushes up inflation during the second half of 2017.