Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Saudi Arabia
SAUCPALTT01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.33
Year-over-Year Change
41.25%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Saudi Arabia measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important tool for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Saudi Arabia CPI tracks price changes across a wide range of consumer expenditures, including food, housing, transportation, and other categories. It is used to assess the purchasing power of the Saudi riyal and to inform monetary and fiscal policy decisions.
Methodology
The Saudi Arabia CPI is calculated by the General Authority for Statistics based on a survey of consumer prices.
Historical Context
The CPI is widely referenced by the Saudi Arabian Monetary Authority, economists, and international organizations to monitor the country's economic conditions.
Key Facts
- The base year for the Saudi Arabia CPI is 2018.
- The CPI is published monthly by the General Authority for Statistics.
- Saudi Arabia's CPI reached a record high of 117.4 in August 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Saudi Arabia measures changes in the prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Saudi Arabia CPI is a key indicator of inflation and an important tool for policymakers and analysts to assess the purchasing power of the Saudi riyal and inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The Saudi Arabia CPI is calculated by the General Authority for Statistics based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The CPI is widely referenced by the Saudi Arabian Monetary Authority, economists, and international organizations to monitor the country's economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the General Authority for Statistics, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Saudi Arabia (SAUCPALTT01GYM), retrieved from FRED.