Inflation in Saudi Arabia rises to 2.7% in July

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Saudi Arabia’s inflation rose to 2.7% in July 2022 compared to June, according to recent data by the General Authority for Statistics (GASTAT).

The cost-of-living index for July rose to 107.20 points, according to the base year 2018, compared to 104.41 points in the same month a year earlier.

The inflation is measured by the change percentage in the cost of living between the current period and the corresponding period of the previous year. The increase or decline of inflation is measured compared to the previous month.

Saudi Inflation Rate
Month	Inflation rate
January 2021	5.7%
February	5.2%
March	4.9%
April	5.3%
May	5.7%
June	6.2%
July	0.4%
August	0.3%
September	0.6%
October	0.8%
November	1.1%
December	1.2%
January 2022	1.2%
February	1.6%
March	2.0%
April	2.3%
May	2.2%
June	2.3%
July	2.7%

The increase in consumer price index (CPI) was mainly driven by a 3.9% year-on-year (YoY) rise in the food and beverage prices, followed by transport prices at 3.6% YoY.

The table below illustrates the YoY change in July’s CPI:

CPI YoY Comparison – July 2021-2022
Main Groups	Change
Restaurants & Hotels	+ 6.3 %
Education	+ 5.7 %
Recreation & Culture	+ 4.2 %
Food & Beverages	+ 3.9 %
Transport	+ 3.6 %
Personal Goods & Services	+ 2.1 %
Housing, Water, Electricity, Gas & Other Fuels	+ 2.0 %
Furnishing, Household Equipment & Maintenance	+ 1.4 %
Healthcare	+ 0.6 %
Communication	+ 0.2 %
Tobacco	+ 0.1 %
Clothing & Footwear	(1.2%)

Inflation increased in Riyadh, Jeddah, Hofuf, Dammam, Abha, Taif, Jazan and Hail, compared to June 2022.

Meanwhile, inflation declined Al Bahah, Sakaka, Makkah, Buraydah and Tabuk, but stabilized in Madinah and Arar. It recorded a negative rate in Najran.

The following table indicates inflation in Saudi cities:

Inflation Rate by City
City	July 2021	June 2022	July 2022
Riyadh	0.8%	2.6%	3.3%
Makkah	1.6%	2.1%	1.8%
Jeddah	(2.1%)	2.4%	3.1%
Dammam	0.3%	1.7%	2.3%
Madinah	0.7%	2.0%	2.0%
Taif	0.5%	0.9%	1.3%
Hofuf	(0.2%)	1.1%	1.7%
Abha	(2.5%)	2.1%	2.6%
Buraydah	1.6%	2.1%	2.0%
Tabuk	4.4%	1.5%	1.4%
Hail	2.0%	1.0%	1.1%
Jazan	(1.0%)	6.0%	6.2%
Najran	10.6%	0.5%	(0.1%)
Al Bahah	1.7%	3.7%	1.9%
Sakaka	3.6%	3.7%	3.3%
Arar	2.1%	2.0%	2.0%
Total	0.4%	2.3%	2.7%

The CPI reflects price changes of a fixed basket of goods and services that includes 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018.

Prices are collected through point of sale (POS) field visits.

Relative Importance of Major Sectors
Expenditure Groups (2018)	Percent
General Index	100.0%
Housing, Water, Electricity, Gas & Other Fuels	25.50%
Food & Beverages	18.78%
Transport	13.05%
Personal Goods & Services	12.57%
Furnishing, Household Equipment & Maintenance	6.74%
Communication	5.62%
Restaurants & Hotels	5.60%
Clothes & Footwear	4.20%
Recreation & Culture	3.06%
Education	2.87%
Healthcare	1.43%
Tobacco	0.60%

Details and Historical Data of Inflation

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