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 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 for 2019 was -2.09%, a 4.55% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Saudi Arabia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%