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 report- March 2013
Saudi CPI inflation maintained the 3.9 percent year-on-year increase for the third consecutive month in March. It slightly increased to 0.3 percent on a monthly basis. Our estimate of core inflation, which excludes food and housing-related services, slowed in March after a 5-month period of a positive trend.
Inflation Report- April 2013
The Central Department for Statistic and Information released Consumer Price Index inflation data for April, showing prices slightly rising to 4 percent year-on-year compared with 3.9 percent in the previous three months. This level of inflation remains among the highest inflation rates relative to the Kingdoms main trading partners. Our estimate of Saudi core inflation, which excludes food and housing-related services, also eased to 3.4 percent year-on-year in April compared with 3.5 percent in March. A major highlight of April inflation print is the food prices acceleration to 6.2 percent year-on-year compared with 5.3 percent in March.
