Saudi Press

Saudi Arabia and the world
Friday, Aug 22, 2025

Saudi inflation eases to 2.7% in March: GASTAT 

Saudi inflation eases to 2.7% in March: GASTAT 

Saudi Arabia’s inflation rate softened to 2.7 percent in March, against 3 percent recorded in February, primarily driven by a slight decrease in the prices of food and beverages, according to the latest report released by the General Authority for Statistics.
The inflation rate in the Kingdom stood at 3.4 percent and 3.3 percent in January 2023 and December 2022 respectively.

The GASTAT report noted that the month-on-month decline in Saudi Arabia’s consumer price index was affected by a 0.4 percent decrease in food prices.

It added that household equipment and maintenance prices also fell by 0.5 percent in March compared to the previous month.

However, on a year-on-year basis, the Kingdom’s inflation rate continues to rise in line with the global trend, as it stood at 2.0 percent in March 2022.

The report pointed out that the rise in Saudi Arabia’s consumer price index in March compared to the same month of last year was driven by the prices of housing, water, electricity, gas, and other fuels which went up by 7.4 percent.

Prices of food and beverages went up by 2.3 percent year-on-year, while transport prices edged up by 1.8 percent.

While housing, water, electricity, gas, and other fuel prices increased due to the rise in actual rentals for housing by 8.7 percent, which in turn was affected by the increase in apartment rental prices by 22 percent.

Meanwhile, the Kingdom’s wholesale price index declined by 2.7 percent month-on-month in March, but it went up by 1.1 percent on an annual basis.

According to the report, the annual increase in the WPI index was primarily driven by higher prices of food products, beverages, tobacco, and textiles which went up by 5.1 percent in March.

Prices of agriculture and fishery products increased by 3.0 percent year-on-year, while prices of other transportable goods went up by 1.3 percent.

Despite the looming scare of inflation and a potential global economic crisis, the International Monetary Fund raised its expectations for Saudi Arabia’s economic growth this year by 0.5 percent to 3.1 percent, compared to 2.6 percent in January.

In October 2022, the IMF stated that Saudi Arabia would remain the fastest-expanding economy among the Group of 20 countries, despite the turmoil caused by rising inflation and soaring interest rates.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
×