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Saudi Arabia’s inflation rose to 2.3% year-on-year in June 2022, according to recent data by the General Authority for Statistics (GASTAT).
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.
|
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% |
The increase in consumer price index (CPI) was mainly driven by a 4.4% year-on-year (YoY) rise in the food and beverage prices, followed by transport prices at 6.2% YoY.
The table below illustrates the YoY change in June’s CPI:
|
CPI YoY Comparison – June 2021-2022 |
|
|
Main Groups |
Change |
|
Education |
6.2% |
|
Restaurants & Hotels |
4.9% |
|
Food & Beverages |
4.4% |
|
Recreation & Culture |
3.5% |
|
Transport |
2.5% |
|
Personal Goods & Services |
2.4% |
|
Furnishing, Household Equipment & Maintenance |
1.5% |
|
Housing, Water, Electricity, Gas & Other Fuels |
1.0% |
|
Healthcare |
0.1% |
|
Communication |
0.1% |
|
Tobacco |
(0.1%) |
|
Clothing & Footwear |
(1.3%) |
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% |
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