Consumer Price Inflation for Saudi Arabia
SAUPCPIPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.89
Year-over-Year Change
-46.51%
Date Range
1/1/2000 - 1/1/2025
Summary
The Consumer Price Inflation for Saudi Arabia tracks changes in the overall price level of consumer goods and services in the country, providing crucial insights into the Saudi economy's inflationary pressures.
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
This trend represents the year-over-year percent change in the Consumer Price Index (CPI) for Saudi Arabia, a key indicator of domestic inflation. Economists and policymakers closely monitor this metric to assess the effectiveness of monetary and fiscal policies in maintaining price stability.
Methodology
The data is collected by the General Authority for Statistics of Saudi Arabia through a nationwide survey of consumer prices.
Historical Context
Inflation trends are essential for Saudi economic and monetary policy decisions, as well as for investment and consumption planning by businesses and households.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- The Saudi central bank, SAMA, uses the CPI as a key metric to guide its monetary policy decisions.
- Elevated inflation can erode consumer purchasing power and undermine economic growth in Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Inflation for Saudi Arabia measures the year-over-year percent change in the overall price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is crucial for economists and policymakers in Saudi Arabia to assess the effectiveness of monetary and fiscal policies, as well as for businesses and households to plan their economic activities.
Q: How is this data collected or calculated?
A: The data is collected by the General Authority for Statistics of Saudi Arabia through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Saudi central bank, SAMA, uses the CPI as a key metric to guide its monetary policy decisions, as inflation trends are essential for maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the General Authority for Statistics, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Inflation for Saudi Arabia (SAUPCPIPCHPT), retrieved from FRED.