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 (February 2014): Headline CPI inflation at 4-year low
Headline inflation in the Kingdom fell to a four year low of 2.8 percent year-on-year in February compared with 2.9 percent in the previous month. The core inflation also fell to below 1.5 percent for the first time since April 2011.
Inflation report (March 2014): Headline CPI inflation continues to fall
Saudi Arabias inflation rate fell for the fourth consecutive month in March, reaching 2.6 percent year-on-year compared with 2.8 percent in the previous month. Lower food price inflation was the main reason for the decline, while rental inflation picked up slightly.
Inflation report (June 2014): Surprise decline in food inflation
According to the Central Department of Statistics and Information (CDSI), Saudi Arabias inflation rate remained unchanged at 2.7 percent, year-on-year, for the third consecutive month in June. Food prices surprised with a decline of 0.2 percent month-on-month, though this segment still remain the second largest contributor to annual inflation, after rental and housing related services.