The annual inflation rate in the Kingdom of Saudi Arabia reached 2.0% in November 2024, compared to the same month last year. This inflation rate is considered one of the lowest among the G20 countries.
It is worth mentioning that the Consumer Price Index (CPI) reflects changes in the prices paid by consumers for a fixed basket of goods and services, consisting of 490 items. This basket was selected based on the results of the Household Income and Expenditure Survey conducted in 2018. The relevant prices are collected through field visits to retail outlets, and the CPI statistics for the Kingdom are published on a monthly basis.