AI Summary
Saudi Arabia’s inflation, based on consumer price index (CPI), remained in the negative territory for the tenth month in a row in October 2019, falling to -0.3%, according to recent data by the General Authority for Statistics (GASTAT) showed.
The consumer price index for October declined to 106.5 points compared to 106.8 points the year before.
|
Saudi Inflation Rate |
|
|
Month |
Inflation rate* |
|
January 2017 |
(0.6%) |
|
February |
(0.6%) |
|
March |
(0.7%) |
|
April |
(0.7%) |
|
May |
(0.8%) |
|
June |
(0.5%) |
|
July |
(0.8%) |
|
August |
(0.8%) |
|
September |
(0.8%) |
|
October |
(1.2%) |
|
November |
(1.7%) |
|
December |
(1.1%) |
|
January 2018 |
+3.0% |
|
February |
+2.9% |
|
March |
+2.8% |
|
April |
+2.5% |
|
May |
+2.3% |
|
June |
+2.1% |
|
July |
+2.2% |
|
August |
+2.2% |
|
September |
+2.1% |
|
October |
+2.4% |
|
November |
+2.8% |
|
December |
+2.2% |
|
January 2019 |
(1.9%) |
|
February |
(2.2%) |
|
March |
(2.1%) |
|
April |
(1.9%) |
|
May |
(1.5%) |
|
June |
(1.4%) |
|
July |
(1.3%) |
|
August |
(1.1%) |
|
September |
(0.7%) |
|
October |
(0.3%) |
Prices of four main groups in the CPI basket declined in October. Housing, water, electricity, gas and other fuels saw the biggest drop, falling 4.2% year-on-year. The group accounts for 25.38% of the overall CPI index.
|
CPI YoY comparison (October 2018/2019) |
|
|
Main Groups |
Variation (%) |
|
Housing, Water, Electricity, Gas and Fuel |
(4.2%) |
|
Clothing and footwear |
(0.8%) |
|
Communication |
(0.5%) |
|
Tobacco |
(0.1%) |
|
Recreation & Culture |
-- |
|
Transport |
+1.0% |
|
Healthcare |
+1.7% |
|
Food & Beverages |
+1.2% |
|
Furnishings, household equipment and maintenance |
+1.9% |
|
Restaurants & Hotels |
+2.0 % |
|
Education |
+2.3% |
|
Miscellaneous goods & services |
+2.8% |
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