Saudi Arabia inflation rate for 2023 was 2.33%, a 0.15% decline from 2022.
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.
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.
