In October 2024, the annual inflation rate in Saudi Arabia stood at 1.9%, compared to the same month last year. This rate is among the lowest within the G20 countries.
The Consumer Price Index (CPI) measures the changes in prices paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Relevant prices are collected through field visits to points of sale, and CPI statistics are published monthly in Saudi Arabia.