Saudi Arabia records 0.3% deflation in October 2019

19/11/2019 Argaam Special

 

Saudi Arabia’s inflation, based on consumer price index (CPI), remained in the negative territory for the tenth month in a row in October 2019, falling to -0.3%, according to recent data by the  General Authority for Statistics (GASTAT) showed.

 

The consumer price index for October declined to 106.5 points compared to 106.8 points the year before.

 

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%)

September

(0.7%)

October

(0.3%)

 

Prices of four main groups in the CPI basket declined in October. Housing, water, electricity, gas and other fuels saw the biggest drop, falling 4.2% year-on-year. The group accounts for 25.38% of the overall CPI index.

 

CPI YoY comparison (October 2018/2019)

Main Groups

Variation (%)

Housing, Water, Electricity, Gas and Fuel

(4.2%)

Clothing and footwear

(0.8%)

Communication

(0.5%)

Tobacco

(0.1%)

Recreation & Culture

--

Transport

+1.0%

Healthcare

+1.7%

Food & Beverages

+1.2%

Furnishings, household equipment and maintenance

+1.9%

Restaurants & Hotels

+2.0 %

Education

+2.3%

Miscellaneous goods & services

+2.8%

 

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