Saudi Arabia’s annual inflation rate reached 1.9% in October 2024, according to The General Authority for Statistics (GASTAT). This rate is among the lowest in the G20 countries.
The Consumer Price Index (CPI), which measures changes in prices for a fixed basket of 490 goods and services, underpins this data. This basket was determined through the 2018 Household Expenditure and Income Survey, with price data collected monthly through field visits to various sales outlets across the Kingdom.
