Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Saudi Arabia
SAUCPALTT01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.29
Year-over-Year Change
2.33%
Date Range
1/1/1995 - 3/1/2025
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in Saudi Arabia. It is a key indicator of inflation and an important economic statistic used by policymakers.
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 Consumer Price Index (CPI) is a widely-used measure of inflation that tracks the changes in the prices of consumer goods and services over time in Saudi Arabia. It is a valuable economic indicator that provides insight into the cost of living and purchasing power of consumers.
Methodology
The data is collected through regular surveys of consumer expenditures and prices across Saudi Arabia.
Historical Context
The CPI is used by the Saudi Arabian Monetary Authority and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The CPI in Saudi Arabia has a base year of 2010.
- Saudi Arabia's CPI reached a record high of 115.1 in March 2022.
- The CPI is used to adjust the value of the Saudi riyal for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures the changes in the prices paid by consumers for a basket of goods and services in Saudi Arabia. It is a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI is an important economic statistic used by policymakers, businesses, and consumers to understand the cost of living and purchasing power in Saudi Arabia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer expenditures and prices across Saudi Arabia.
Q: How is this trend used in economic policy?
A: The CPI is used by the Saudi Arabian Monetary Authority and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Saudi Arabia (SAUCPALTT01IXOBM), retrieved from FRED.