Inflation in Saudi Arabia hits 2.3% in April

15/05/2022 Argaam Special
Riyadh city

Riyadh city


Saudi Arabia’s inflation rose to 2.3% in April, according to recent data by the General Authority for Statistics (GASTAT).

 

The cost-of-living index for April grew to 106.29 points, according to the base year 2018, compared to 103.90 points the year before.

 

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%

 

The increase in consumer price index (CPI) was mainly driven by a 4.6% year-on-year (YoY) rise in the average prices of transport, followed by food and beverage prices at 4.3% YoY.  

 

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

 

CPI YoY Comparison – April 2021-2022

Main Groups

Change 

Education

6.2%

Transport

4.6%

Food & Beverages

4.3%

Restaurants & Hotels

3.2%

Personal Goods & Services

2.8%

Recreation & Culture

2.8%

Furnishing, Household Equipment & Maintenance

1.4%

Housing, Water, Electricity, Gas & Other Fuels

0.2%

Healthcare

--

Communication

(0.1%)

Tobacco

(o.5%)

Clothing & Footwear

(0.7%)

 

 

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

25.5%

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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