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Saudi Arabia’s inflation fell to 2.2% year-on-year in May , according to recent data by the General Authority for Statistics (GASTAT).
The cost-of-living index for May grew to 106.42 points, according to the base year 2018, compared to 104.09 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% |
|
May |
2.2% |
The increase in consumer price index (CPI) was mainly driven by a 4.25% year-on-year (YoY) rise in the food and beverage prices, followed by transport prices at 4.05% YoY.
The table below illustrates the YoY change in May’s CPI:
|
CPI YoY Comparison – May 2021-2022 |
|
|
Main Groups |
Change |
|
Education |
6.23 % |
|
Food & Beverages |
4.25 % |
|
Restaurants & Hotels |
4.13 % |
|
Transport |
4.05 % |
|
Recreation & Culture |
2.42 % |
|
Personal Goods & Services |
2.15 % |
|
Furnishing, Household Equipment & Maintenance |
1.77 % |
|
Housing, Water, Electricity, Gas & Other Fuels |
0.49 % |
|
Healthcare |
0.14 % |
|
Communication |
0.05 % |
|
Tobacco |
(0.74%) |
|
Clothing & Footwear |
(1.69%) |
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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