Saudi Arabia’s inflation rose to 1.7% in September 2024 compared with the previous month, according to recent data by the General Authority for Statistics (GASTAT).
The cost-of-living index for September rose to 111.58 points, according to the base year 2018, from 109.72 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the year-ago period. The increase or decline in inflation is measured compared to the previous month.
| Month | Inflation |
|
|
|---|---|---|---|
| Sep2022 | 3.1 % | ||
| Sep2023 | 1.69 % | ||
| Sep2024 | 1.7 % | ||
|
Data Economic
|
The higher consumer price index (CPI) was primarily impacted by a 9.3% rise in housing, water, electricity, gas, and other fuel prices, as well as a 0.8% increase in food and beverage prices.
The housing, water, electricity, gas, and other fuels sector was affected by a 11.2% rise in the rent paid for housing, driven by a 10% increase in apartment rental prices.
The rise in this sector had a significant impact on maintaining the annual inflation rate for September due to the weight it holds in the index, which amounts to 25.5%.
On the other hand, the prices in the furnishing and household equipment sector dropped by 3.7%, influenced by a 7% decrease in the prices of furniture, carpets, and floor coverings. Similarly, the prices in the clothing and footwear sector fell by 3.2%.
| Main Groups | Change |
|---|---|
| Food and Beverages | 0.81 |
| Tobacco | 1.49 |
| Clothing and footwear | 3.19 |
| Housing, Water, Electricity, Gas, and other fuels | 9.28 |
| Furnishings, Household equipment | 3.68 |
| Health | 1.09 |
| Transport | 3.30 |
| Communication | 1.57 |
| Recreation and Culture | 2.77 |
| Education | 1.6 |
| Restaurants and Hotels | 1.7 |
| Miscellaneous personal goods and services | 1.04 |
The higher CPI reflects price changes for a fixed basket of goods and services, including 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018. The prices are collected through field visits to points of sale (POS).
The Weight of Main Groups (%)
On a monthly basis, inflation rose in Riyadh, Madinah, Taif, Jizan, and Sakaka, but dropped in Dammam, Buraydah, Hail, and Arar.
Meanwhile, Makkah, Jeddah, Al Hofuf, Abha, Tabuk, Najran and Al Baha reported negative inflation figures for the same month.
| 3.97 % | 3.51 % | 3.27 % | 3.48 % | 3.83 % | 3.61 % | 3.33 % | 3.39 % | 2.51 % | 2.41 % | 3.02 % | 2.24 % | 2.28 % | 2.78 % | 3.26 % | 3.44 % | 3.04 % | 2.76 % | 2.72 % | 2.86 % | 4.05 % |
| 0.83 % | 1.54 % | 1.58 % | 1.71 % | 2.12 % | 2.32 % | 1.61 % | 1.28 % | 0.59 % | 0.01 % | 0.13 % | 0.04 % | 0.03 % | 0.44 % | 1.16 % | 1.77 % | 1.83 % | 2.17 % | 2.59 % | 2.89 % | 2.47 % |
| 0.30 % | 0.35 % | 0.39 % | 0.60 % | 0.09 % | 0.03 % | 0.60 % | 1.47 % | 1.85 % | 1.78 % | 2.48 % | 3.71 % | 4.53 % | 5.22 % | 5.41 % | 6.50 % | 6.55 % | 6.63 % | 6.64 % | 6.65 % | 6.76 % |
| 0.34 % | 1.44 % | 0.68 % | 0.10 % | 0.41 % | 0.01 % | 0.18 % | 0.18 % | 0.41 % | 0.54 % | 0.37 % | 0.05 % | 0.77 % | 1.49 % | 0.34 % | 1.22 % | 1.21 % | 0.37 % | 0.44 % | 0.92 % | 0.66 % |
| 1.49 % | 1.38 % | 2.33 % | 2.04 % | 1.48 % | 1.76 % | 1.27 % | 1.40 % | 0.95 % | 1.21 % | 0.87 % | 0.91 % | 0.65 % | 0.86 % | 0.29 % | 0.36 % | 0.81 % | 1.18 % | 1.27 % | 1.17 % | 0.96 % |
| 0.26 % | 0.15 % | 0.25 % | 0.56 % | 0.27 % | 0.07 % | 0.00 % | 0.51 % | 0.23 % | 0.51 % | 0.45 % | 0.08 % | 0.54 % | 0.37 % | 0.20 % | 0.40 % | 0.34 % | 0.99 % | 1.64 % | 1.76 % | 2.13 % |
| 2.63 % | 2.66 % | 2.09 % | 2.06 % | 1.71 % | 0.08 % | 0.15 % | 0.21 % | 0.50 % | 0.02 % | 0.57 % | 1.59 % | 1.37 % | 2.00 % | 1.86 % | 1.39 % | 1.73 % | 2.22 % | 3.30 % | 3.50 % | 3.46 % |
| 1.19 % | 1.08 % | 0.82 % | 2.18 % | 1.68 % | 2.00 % | 3.02 % | 4.18 % | 4.77 % | 3.04 % | 2.95 % | 2.87 % | 2.94 % | 3.18 % | 1.42 % | 0.52 % | 1.12 % | 1.37 % | 0.61 % | 0.18 % | 0.02 % |
| 13.81 % | 14.55 % | 14.50 % | 14.45 % | 14.17 % | 14.28 % | 13.25 % | 10.85 % | 8.92 % | 8.09 % | 5.27 % | 3.69 % | 3.54 % | 3.48 % | 3.28 % | 2.83 % | 3.51 % | 2.46 % | 1.97 % | 2.01 % | 1.66 % |
| 0.31 % | 0.07 % | 0.03 % | 0.48 % | 1.08 % | 1.16 % | 0.68 % | 0.76 % | 0.66 % | 0.92 % | 0.78 % | 0.85 % | 1.11 % | 2.06 % | 1.49 % | 0.80 % | 0.33 % | 0.40 % | 0.88 % | 1.11 % | 1.20 % |
| 0.85 % | 1.15 % | 1.01 % | 0.22 % | 1.07 % | 0.80 % | 0.55 % | 0.42 % | 0.44 % | 0.35 % | 0.08 % | 0.20 % | 0.46 % | 0.47 % | 0.84 % | 1.74 % | 1.15 % | 1.27 % | 1.62 % | 2.03 % | 2.07 % |
| 0.23 % | 0.11 % | 0.86 % | 0.61 % | 1.39 % | 1.46 % | 2.57 % | 2.91 % | 4.59 % | 5.73 % | 4.91 % | 4.86 % | 4.61 % | 5.03 % | 2.98 % | 3.04 % | 2.05 % | 1.53 % | 0.25 % | 0.34 % | 1.94 % |
| 0.47 % | 0.76 % | 0.44 % | 0 % | 0.15 % | 0.33 % | 0.30 % | 0.57 % | 0.08 % | 0.03 % | 0.34 % | 0.85 % | 1.08 % | 1.23 % | 1.23 % | 0.67 % | 0.51 % | 0.54 % | 1.28 % | 1.33 % | 1.95 % |
| 1.91 % | 1.84 % | 0.92 % | 1.14 % | 1.22 % | 1.98 % | 1.59 % | 1.23 % | 1.46 % | 0.47 % | 0.49 % | 0.75 % | 0.38 % | 0.41 % | 1.00 % | 0.46 % | 0.17 % | 1.01 % | 0.92 % | 0.86 % | 0.84 % |
| 0.93 % | 0.90 % | 0.69 % | 0.64 % | 0.37 % | 0.35 % | 0.46 % | 0.43 % | 0.51 % | 0.13 % | 0.02 % | 0.48 % | 0.32 % | 0.15 % | 0.20 % | 0.06 % | 0.19 % | 0.40 % | 0.82 % | 1.30 % | 1.42 % |
| 0.66 % | 1.18 % | 1.07 % | 0.63 % | 0.80 % | 0.73 % | 0.86 % | 0.95 % | 0.59 % | 1.88 % | 0.83 % | 1.31 % | 0.54 % | 0.55 % | 0.59 % | 0.31 % | 0.44 % | 0.03 % | 0.54 % | 0.73 % | 1.29 % |
| Main Groups |
|---|
| Housing, Water, Electricity, Gas, and other fuels |
| Food and Beverages |
| Transport |
| Furnishings, Household equipment |
| Communication |
| Restaurants and Hotels |
| Clothing and footwear |
| Education |
| Recreation and Culture |
| Health |
| Tobacco |
| Miscellaneous personal goods and services |
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