Saudi Arabia records deflation for eighth month in August 2019

Saudi Arabia’s inflation, based on consumer price index (CPI), remained in the negative territory for the eighth month in August 2019, dropping 1.1 percent on an annual basis, the latest figures from the General Authority for Statistics (GASTAT) showed.

The consumer price index for August declined to 106.1 points compared to 107.3 points a year earlier.

Saudi Inflation Rate
Month	Inflation rate*
January 2017	(0.6%)
February	(0.6%)
March	(0.7%)
April	(0.7%)
May	(0.8%)
June	(0.5%)
July	(0.8%)
August	(0.8%)
September	(0.8%)
October	(1.2%)
November	(1.7%)
December	(1.1%)
January 2018	+3.0%
February	+2.9%
March	+2.8%
April	+2.5%
May	+2.3%
June	+2.1%
July	+2.2%
August	+2.2%
September	+2.1%
October	+2.4%
November	+2.8%
December	+2.2%
January 2019	(1.9%)
February	(2.2%)
March	(2.1%)
April	(1.9%)
May	(1.5%)
June	(1.4%)
July	(1.3%)
August	(1.1%)

Prices of four main groups in the CPI basket declined in August. Housing, water, electricity, gas and other fuels saw the biggest drop, falling 6.5 percent year-on-year. The group accounts for 25.38 percent of the overall CPI index.

CPI YoY comparison (August 2018/2019)

Main Groups

Variation (%)

Housing, Water, Electricity, Gas and Fuel

(6.5%)

Communication

(0.8%)

Recreation & Culture

(0.2%)

Tobacco

(0.1%)

Restaurants & Hotels

+1.0%

Healthcare

+1.0%

Food & Beverages

+1.0%

Education

+1.3%

Transport

+1.3%

Furnishings, household equipment and maintenance

+1.4%

Miscellaneous goods & services

+1.8%

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