SAMA expects inflation to rise marginally in Q4 2021

16/11/2021 Argaam

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The Saudi Central Bank (SAMA) expects inflation to rise slightly in Q4 2021, compared to Q4 2020, due to a rise in global inflation rates and improving domestic demand, according to the periodic report on Saudi Arabia’s inflation.

 

The Kingdom’s inflation rate is forecast to remain steady during the fourth quarter when compared to Q3 2021.

 

The World Bank's expectations of the global commodity prices index -- October 2021 -- show a presence of inflationary pressures on the majority of sectors during 2021.

 

Expectations indicate an increase in prices of energy by 80.7%, fertilizer by 56.2%, metal by 45.6%, food by 26.1%, agriculture by 20.1%, beverages by 11.5%, and raw materials by 6.9%.

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