Saudi Arabia’s inflation accelerated to 1.9% last October compared with the previous month, according to recent data by the General Authority for Statistics (GASTAT).
The cost-of-living index for October rose to 111.93 points, according to the base year 2018, from 109.86 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 |
|
|
|---|---|---|---|
| Oct2022 | 3.0 % | ||
| Oct2023 | 1.62 % | ||
| Oct2024 | 1.88 % | ||
|
Data Economic
|
Inflation is measured by the 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.
GASTAT attributed the rise in inflation to a 9.6% increase in housing, water, electricity, gas, and other fuel prices on the back of an increase of 11.6% in the rents group on an 11.3% rise in apartment rents.
The group’s 25.5% weight had a significant impact on the rising inflation rates in October.
The prices of miscellaneous personal goods & services group jumped 2.3% due to the higher prices of jewelry and luxury watches levelled up 24.1%. The restaurants and hotels group recorded a rise of 1.9% on a 3.6% advance in hotel services and furnished apartment prices.
On the other hand, the furnishings, Household equipment group saw a drop of 3.1%, with clothing and footwear declining by 2.7%. Similarly, transport prices fell 3.1% as vehicle purchasing prices decreased by 4.2%.
| Main Groups | Change |
|---|---|
| Food and Beverages | 0.05 |
| Tobacco | 1.41 |
| Clothing and footwear | 2.68 |
| Housing, Water, Electricity, Gas, and other fuels | 9.59 |
| Furnishings, Household equipment | 3.09 |
| Health | 1.30 |
| Transport | 3.15 |
| Communication | 1.53 |
| Recreation and Culture | 2.08 |
| Education | 1.11 |
| Restaurants and Hotels | 1.88 |
| Miscellaneous personal goods and services | 2.33 |
The Consumer Price Index (CPI) tracks price changes for a fixed basket of 490 goods and services, selected from the 2018 income and expenditure survey. Prices are gathered through field visits to points of sale.
Monthly inflation rose in Riyadh, Makkah, Dammam, Tabuk, Jazan, and Sakaka.
It, however, declined in Arar, Buraydah, Taif, and Madinah.
Al-Baha, Najran, Tabuk, Abha, Al-Hufuf, and Jeddah recorded a deflation.
| 4.07 % | 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 % |
| 0.62 % | 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 % |
| 0.53 % | 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 % |
| 1.39 % | 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 % |
| 1.41 % | 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 % |
| 0.11 % | 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 % |
| 2.60 % | 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 % |
| 2.22 % | 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 % |
| 11.58 % | 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 % |
| 0.45 % | 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 % |
| 0.14 % | 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 % |
| 2.28 % | 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 % |
| 0.19 % | 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 % |
| 1.08 % | 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 % |
| 1.15 % | 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 % |
| 0.38 % | 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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