Inflation Rate In Saudi Arabia Last 5 Years

Dubai feb 21 reuters consumer price deflation hit saudi arabia in january for the first time in over a decade official data showed on tuesday but. Focuseconomics consensus forecast participants expect inflation to be 1 1 in 2020 which is down 0 3 percentage points from last month s projection. Saudi arabia inflation rate for 2016 was 2 07 a 0 86 increase from 2015.

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Gdp contracts in q1 at the sharpest pace in over two years.

Inflation rate in saudi arabia last 5 years. Wholesale price index 2010 100 bank nonperforming loans to total gross loans account ownership at a financial institution or with a mobile money service provider richest 60 of population ages 15. In march inflation increased to 1 5 from 1 2 in the month prior. Annual inflation rate in saudi arabia edged up to 6 2 percent in august of 2020 from 6 1 percent in july reaching the highest rate since february of 2009 after the government raised the vat rate to 15 percent from 5 percent in july.

Going back further not shown inflation peaked in march 1980 at 14 76. Oil prices continue to. Overall the price increase was 75 97.

During the observation period from 1979 to 2019 the average inflation rate was 1 5 per year. This chart plots the current annual inflation rate starting in 1989. In 2019 the average inflation rate amounted to 1 21 percent compared to the previous year.

The biggest upward pressure came from prices of food and beverages 13 5 percent namely meat 17 3 percent and vegetables 17 8 percent. The historical framework of the currency of saudi arabia. Year inflation rate.

Note the declining long term linear regression line and the peak at 6 29 in october of 1990 while the oil peak in july 2008 was only 5 60 followed by successively lower peaks. Saudi arabia inflation rate for 2019 was 2 09 a 4 55 decline from 2018. Saudi deflation returns bit ly 2lcv8bv.

The statistic shows the inflation rate in saudi arabia from 1984 to 2019 with projections up until 2021. For 2019 an inflation rate of 2 1 was calculated. Saudi arabia inflation rate for 2017 was 0 84 a 2 91 decline from 2016.

Inflation rate currently selected. Development of inflation rates in saudi arabia the inflation rate for consumer prices in saudi arabia moved over the past 40 years between 3 2 and 9 9. The economy contracted for the third consecutive quarter in q1 and at the sharpest pace since december 2017 as a significant slowdown in the non oil sector and ongoing oil production cuts weighed on activity.

Meanwhile the annual average variation in consumer prices declined 1 0 in march compared to the 1 4 decrease in february. Saudi arabia inflation rate for 2018 was 2 46 a 3 3 increase from 2017. The longer term trend is falling.