Consumer Price Index for Saudi Arabia
DDOE02SAA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.02
Year-over-Year Change
52.78%
Date Range
1/1/1963 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Saudi Arabia is a key economic indicator that measures the changes in the prices of a basket of consumer goods and services over time. It is an important metric for assessing the level of inflation in the Saudi Arabian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Saudi Arabia is a widely-used economic statistic that tracks the average change in prices paid by consumers for a representative basket of goods and services. It serves as a gauge of purchasing power and is a crucial input for policymakers when making decisions about monetary and fiscal policies.
Methodology
The data is collected by the General Authority for Statistics of Saudi Arabia through a monthly survey of prices across different regions and sectors.
Historical Context
The CPI is closely monitored by the Saudi Arabian Monetary Authority (SAMA) and other economic institutions to guide policies aimed at maintaining price stability and fostering economic growth.
Key Facts
- Saudi Arabia's CPI has a base year of 2013.
- The CPI basket includes over 480 goods and services.
- The CPI is published on a monthly basis by the General Authority for Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Saudi Arabia measures the changes in the prices of a representative basket of consumer goods and services over time, providing a gauge of inflation in the Saudi economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator for policymakers, investors, and the general public, as it reflects the purchasing power of the Saudi riyal and helps guide decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected by the General Authority for Statistics of Saudi Arabia through a monthly survey of prices across different regions and sectors.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Saudi Arabian Monetary Authority (SAMA) and other economic institutions to guide policies aimed at maintaining price stability and fostering economic growth.
Q: Are there update delays or limitations?
A: The CPI for Saudi Arabia is published on a monthly basis, with a short delay, and is considered a reliable and comprehensive measure of consumer prices in the country.
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Citation
U.S. Federal Reserve, Consumer Price Index for Saudi Arabia (DDOE02SAA086NWDB), retrieved from FRED.