Middle East, North Africa, Afghanistan & Pakistan
Saudi Arabia Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
1.7%
As of 2024
YoY Change
-27.5%
2023 → 2024
Record High
34.6%
Recorded in 1975
Record Low
-3.2%
Recorded in 1986
10-Year Average
1.7%
2015–2024
Data Range
1964–2024
61 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1964 – 2024
Analysis
Saudi Arabia's inflation rate of 1.69% in 2024 indicates a relatively stable economy. This low inflation rate suggests that the country's monetary policy is effective in managing price increases. The low inflation rate also reflects the country's efforts to diversify its economy and reduce its dependence on oil exports.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 1.7% | 0.6% | -27.5% |
| 2023 | 2.3% | 0.1% | -5.9% |
| 2022 | 2.5% | 0.6% | -19.2% |
| 2021 | 3.1% | 0.3% | -9.2% |
| 2020 | 3.4% | 4.6% | +382.7% |
| 2019 | -1.2% | 3.7% | -148.4% |
| 2018 | 2.5% | 3.3% | +395.4% |
| 2017 | -0.8% | 2.9% | -140.7% |
| 2016 | 2.1% | 0.8% | +67.9% |
| 2015 | 1.2% | 1.0% | -45.5% |
Source: World Bank Open Data · 1964–2024
Neighbouring Countries Ranking
Middle East, North Africa, Afghanistan & Pakistan · Inflation
