RIYADH: Saudi Arabia’s annual inflation rate held steady at 1.8 percent in June, with housing rents and personal care costs continuing to drive price gains in the Kingdom, official data showed.
According to the latest report released by the General Authority for Statistics, the Kingdom’s Consumer Price Index was only marginally higher than the previous month, with just a 0.2 percent rise.
Saudi Arabia’s inflation rate has held in a narrow band over the past year, ranging between 1.7 and 2.3 percent since June 2025, easing from a peak of 2.3 percent in August before stabilizing around 1.7 to 1.8 percent in recent months.
This stability stands in contrast to the broader global picture, where inflationary pressures have been building. The International Monetary Fund’s latest World Economic Outlook projected global headline inflation would rise from 4.1 percent in 2025 to 4.7 percent in 2026, before easing to 3.9 percent in 2027.
Against that backdrop, Saudi Arabia’s 1.8 percent rate, along with Oman’s 2.8 percent figure in June, remained well below the global average, underscoring relative price stability across the Gulf even as energy costs climbed elsewhere.
