Saudi Arabia Inflation Rate 1964-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Saudi Arabia inflation rate for 2023 was 2.33%, a 0.15% decline from 2022.
- Saudi Arabia inflation rate for 2022 was 2.47%, a 0.59% decline from 2021.
- Saudi Arabia inflation rate for 2021 was 3.06%, a 0.38% decline from 2020.
- Saudi Arabia inflation rate for 2020 was 3.45%, a 5.54% increase from 2019.
| Saudi Arabia Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
2.33% |
-0.15% |
| 2022 |
2.47% |
-0.59% |
| 2021 |
3.06% |
-0.38% |
| 2020 |
3.45% |
5.54% |
| 2019 |
-2.09% |
-4.55% |
| 2018 |
2.46% |
3.30% |
| 2017 |
-0.84% |
-2.91% |
| 2016 |
2.07% |
0.86% |
| 2015 |
1.21% |
-1.03% |
| 2014 |
2.24% |
-1.30% |
| 2013 |
3.53% |
0.67% |
| 2012 |
2.87% |
-2.96% |
| 2011 |
5.83% |
0.49% |
| 2010 |
5.34% |
0.28% |
| 2009 |
5.06% |
-4.81% |
| 2008 |
9.87% |
5.70% |
| 2007 |
4.17% |
1.96% |
| 2006 |
2.21% |
1.73% |
| 2005 |
0.48% |
-0.04% |
| 2004 |
0.52% |
-0.10% |
| 2003 |
0.61% |
0.37% |
| 2002 |
0.25% |
1.37% |
| 2001 |
-1.12% |
0.00% |
| 2000 |
-1.13% |
0.21% |
| 1999 |
-1.33% |
-0.96% |
| 1998 |
-0.37% |
-0.43% |
| 1997 |
0.06% |
-1.16% |
| 1996 |
1.22% |
-3.65% |
| 1995 |
4.87% |
4.30% |
| 1994 |
0.56% |
-0.49% |
| 1993 |
1.06% |
1.13% |
| 1992 |
-0.08% |
-4.94% |
| 1991 |
4.86% |
2.78% |
| 1990 |
2.08% |
1.04% |
| 1989 |
1.03% |
0.13% |
| 1988 |
0.91% |
2.45% |
| 1987 |
-1.55% |
1.66% |
| 1986 |
-3.20% |
-0.14% |
| 1985 |
-3.06% |
-1.50% |
| 1984 |
-1.56% |
-1.75% |
| 1983 |
0.19% |
-0.83% |
| 1982 |
1.02% |
-1.78% |
| 1981 |
2.80% |
-1.37% |
| 1980 |
4.17% |
3.09% |
| 1979 |
1.08% |
2.67% |
| 1978 |
-1.58% |
-12.98% |
| 1977 |
11.40% |
-20.16% |
| 1976 |
31.56% |
-3.02% |
| 1975 |
34.58% |
13.14% |
| 1974 |
21.44% |
4.92% |
| 1973 |
16.51% |
12.18% |
| 1972 |
4.33% |
-0.14% |
| 1971 |
4.48% |
4.30% |
| 1970 |
0.18% |
-3.32% |
| 1969 |
3.50% |
1.91% |
| 1968 |
1.59% |
-0.51% |
| 1967 |
2.10% |
0.55% |
| 1966 |
1.55% |
1.16% |
| 1965 |
0.39% |
-2.41% |
| 1964 |
2.80% |
-2.41% |
