Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Inflation report- August 2012
Year-on-year inflation eased again in August, slipping to 3.8 percent from 4 percent in July, the lowest level since October 2009. Lower food and rental inflation caused most of the fall, yet both remained the most contributor adding 2.8 percentage point to the rise in the overall inflation index.
Inflation report- November 2012
According to the Central Department for Statistics and Information (CDSI), Saudi Arabias inflation rate for November slightly increased to 3.9 percent year-on-year from 3.8 percent in the previous month.
Inflation report- December 2012
The Central Department for Statistics and Information (CDSI) has released CPI data for December showing inflation remained at the 3.9 percent year-on-year level observed in the previous month. This puts the annual inflation for last year at 4.5 percent-year-on-year in line with our forecasts.