Consumer Price Index: All Items: Total for Saudi Arabia
SAUCPALTT01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-384.58%
Date Range
4/1/1995 - 10/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Saudi Arabia tracks changes in the average price level of a basket of consumer goods and services purchased by households. It is a key indicator of inflation and consumer purchasing power 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 All Items in Saudi Arabia is a comprehensive measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services. It is used by policymakers, economists, and the public to assess changes in the cost of living and the purchasing power of the Saudi riyal.
Methodology
The data is collected by the General Authority for Statistics of Saudi Arabia through surveys of prices for a representative sample of goods and services.
Historical Context
The CPI is used by the Saudi Arabian Monetary Authority to inform monetary policy decisions and monitor inflation targets.
Key Facts
- The base year for the Saudi Arabia CPI is 2013.
- The index covers approximately 480 goods and services in 12 major expenditure groups.
- Saudi Arabia targets an inflation rate of 2-3% as part of its economic policy objectives.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in Saudi Arabia measures the average change over time in the prices paid by consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and consumer purchasing power in the Saudi Arabian economy, and is used by policymakers, economists, and the public to assess changes in the cost of living.
Q: How is this data collected or calculated?
A: The data is collected by the General Authority for Statistics of Saudi Arabia through surveys of prices for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The CPI is used by the Saudi Arabian Monetary Authority to inform monetary policy decisions and monitor inflation targets.
Q: Are there update delays or limitations?
A: The CPI data for Saudi Arabia is published on a monthly basis with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Saudi Arabia (SAUCPALTT01GPQ), retrieved from FRED.