The Kingdom of Saudi Arabia’s flag
Consumer price inflation average in Saudi Arabia rose to 1.7% in 2024 compared to a year earlier, according to data from the General Authority for Statistics (GASTAT). 
The consumer price index (CPI) rose to 11.30 points in 2024, according to the base year 2018, from 109.45 points in 2023.
Inflation is measured by the percentage change in the cost of living between the current and the year-ago periods. The increase or decline in inflation is measured compared to the previous month.
CPI 2024
Month
2023
2024
Change
January
108.75
110.44
+1.6%
February
108.67
110.64
+1.8%
March
108.74
110.53
+1.6%
April
109.16
110.89
+1.6%
May
109.37
111.07
+1.6%
June
109.58
111.22
+1.5%
July
109.68
111.36
+1.5%
August
109.71
111.44
+1.6%
September
109.72
111.58
+1.7%
October
109.86
111.93
+1.9%
November
110.06
112.24
+2.0%
December
110.15
112.28
+1.9%
Annual Average
109.45
111.30
+1.7%
The higher consumer price index (CPI) was mainly driven byan 8%year-on-year (YoY) rise in housing, water, electricity, gas and other fuels prices, which highly impacts the inflation rate, due to the increase in housing rental prices by 10.6%.
Food beverage section increasedby 0.8% in 2024, while the restaurant and hotels section went up by 2%. This is in addition to increases triggered in other sections.
On the other hand, clothing footwear and Furnishing, Household Equipment Maintenance sections reported a decline of 3.4% each, followed by the transport section, which fell by 2.4%.
Other sections also saw decreases in the CPI during 2024.
CPI YoY Comparison
Main Groups
Change
Housing, Water, Electricity, Gas Other Fuels
+8.8%
Restaurants Hotels
+2.0%
Education
+1.3%
Food Beverages
+0.8%
PersonalGoods Services
+0.4%
Healthcare
(1.1%)
Tobacco
(1.2%)
Recreation Culture
(1.3%)
Communications
(1.7%)
Transport
(2.4%)
Furnishing,Household Equipment Maintenance
(3.4%)
Clothing Footwear
(3.4%)
The CPI reflects price changes of a fixed basket of goods and services that includes 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018.
Prices are collected through the point of sale (POS) field visits.
Relative Importance of MainExpenditure Category
Expenditure Groups (2018)
Percentage
General Index
100.0%
Housing, Water, Electricity, Gas Other Fuels
25.50%
Food Beverages
18.78%
Transport
13.05%
PersonalGoods Services
12.57%
Furnishing,Household Equipment Maintenance
6.74%
Communication
5.62%
Restaurants Hotels
5.60%
Clothes Footwear
4.20%
Recreation Culture
3.06%
Education
2.87%
Healthcare
1.43%
Tobacco
0.60%
The Kingdom of Saudi Arabia’s flag
Consumer price inflation average in Saudi Arabia rose to 1.7% in 2024 compared to a year earlier, according to data from the General Authority for Statistics (GASTAT).
The consumer price index (CPI) rose to 11.30 points in 2024, according to the base year 2018, from 109.45 points in 2023.
Inflation is measured by the percentage change in the cost of living between the current and the year-ago periods. The increase or decline in inflation is measured compared to the previous month.
CPI 2024
Month
2023
2024
Change
January
108.75
110.44
+1.6%
February
108.67
110.64
+1.8%
March
108.74
110.53
+1.6%
April
109.16
110.89
+1.6%
May
109.37
111.07
+1.6%
June
109.58
111.22
+1.5%
July
109.68
111.36
+1.5%
August
109.71
111.44
+1.6%
September
109.72
111.58
+1.7%
October
109.86
111.93
+1.9%
November
110.06
112.24
+2.0%
December
110.15
112.28
+1.9%
Annual Average
109.45
111.30
+1.7%
The higher consumer price index (CPI) was mainly driven byan 8%year-on-year (YoY) rise in housing, water, electricity, gas and other fuels prices, which highly impacts the inflation rate, due to the increase in housing rental prices by 10.6%.
Food beverage section increasedby 0.8% in 2024, while the restaurant and hotels section went up by 2%. This is in addition to increases triggered in other sections.
On the other hand, clothing footwear and Furnishing, Household Equipment Maintenance sections reported a decline of 3.4% each, followed by the transport section, which fell by 2.4%.
Other sections also saw decreases in the CPI during 2024.
CPI YoY Comparison
Main Groups
Change
Housing, Water, Electricity, Gas Other Fuels
+8.8%
Restaurants Hotels
+2.0%
Education
+1.3%
Food Beverages
+0.8%
PersonalGoods Services
+0.4%
Healthcare
(1.1%)
Tobacco
(1.2%)
Recreation Culture
(1.3%)
Communications
(1.7%)
Transport
(2.4%)
Furnishing,Household Equipment Maintenance
(3.4%)
Clothing Footwear
(3.4%)
The CPI reflects price changes of a fixed basket of goods and services that includes 490 items. The items were chosen based on the results of the Household Expenditure and Income Survey conducted in 2018.
Prices are collected through the point of sale (POS) field visits.
Relative Importance of MainExpenditure Category
Expenditure Groups (2018)
Percentage
General Index
100.0%
Housing, Water, Electricity, Gas Other Fuels
25.50%
Food Beverages
18.78%
Transport
13.05%
PersonalGoods Services
12.57%
Furnishing,Household Equipment Maintenance
6.74%
Communication
5.62%
Restaurants Hotels
5.60%
Clothes Footwear
4.20%
Recreation Culture
3.06%
Education
2.87%
Healthcare
1.43%
Tobacco
0.60%
