Saudi Arabia records deflation for fifth month in a row

Saudi Arabia’s inflation rate for May remained in the negative territory for the fifth consecutive month at -1.5 percent, the latest figures from the General Authority for Statistics (GASTAT) showed.

The cost of living index declined to 105.7 points in May compared to 107.3 points in the same month last year.

Saudi Inflation Rate
Month	Inflation rate*
January 2017	(0.6%)
February	(0.6%)
March	(0.7%)
April	(0.7%)
May	(0.8%)
June	(0.5%)
July	(0.8%)
August	(0.8%)
September	(0.8%)
October	(1.2%)
November	(1.7%)
December	(1.1%)
January 2018	+3.0%
February	+2.9%
March	+2.8%
April	+2.5%
May	+2.3%
June	+2.1%
July	+2.2%
August	+2.2%
September	+2.1%
October	+2.4%
November	+2.8%
December	+2.2%
January 2019	(1.9%)
February	(2.2%)
March	(2.1%)
April	(1.9%)
May	(1.5%)

*Updated for base year 2013

Prices of three main groups in the Consumer Price Index (CPI) basket declined in May. Housing, water, electricity, gas and fuel saw a decrease of 7.5 percent. The group's weight accounts for 25.38 percent of the index.

Seven other groups recorded higher prices, led by food and beverages group that rose 1.8 percent.

The following table shows the most important changes in the main groups in the CPI between May 2018 and 2019:

CPI YoY comparison (May 2018/2019)
Main Groups	Variation (%)
Housing, Water, Electricity, Gas and Fuel	(7.5%)
Entertainment & Culture	(1.1%)
Telecommunications	(1.0%)
Home Furniture & Maintenance	--
Goods & various services	--
Tobacco	+0.1%
Apparel & Footwear	+0.3%
Transportation	+0.5%
Healthcare	+0.5%
Education	+1.3%
Hotels & Restaurants	+1.5%
Food & Beverages	+1.8%

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