Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Inflation report – November 2011
Year-on-year inflation stayed at 5.2 percent in November; in monthly terms, at 0.2 percent, it was the lowest since February. Higher food prices offset the impact of lower gold prices on the cost of jewelry.
Inflation report – December 2011
Year-on-year inflation ticked up to 5.3 percent in December, from 5.2 percent in November. The rise was due to higher prices for clothing and footwear and furniture, areas driven by consumer spending.