The annual inflation rate in Saudi Arabia remained stable at 1.7% during September 2024, showing a relative stability on a year-on-year basis. The inflation rate in Saudi Arabia is considered one of the most stable rates, which confirms the strength and resilience of the Saudi economy. It also demonstrates the effectiveness of the economic plans and decisions that the Kingdom has swiftly implemented to address the wave of global inflation and  high prices. 

It is noteworthy that the Consumer Price Index (CPI) reflects the changes in prices that consumers pay for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the Household Expenditure and Income Survey conducted in 2018. Prices are collected through field visits to points of sale, and statistics on the Consumer Price Index in the Kingdom are published on a monthly basis.