Saudi Arabia managing Iran war-sparked inflation shock as GCC price pressures diverge

RIYADH: Saudi Arabia has so far contained the inflationary fallout from the Middle East war better than many regional peers, with consumer price growth staying below 2 percent even as global inflation pressures returned through higher energy, food and transport costs. The Kingdom’s Consumer Price Index rose 1.7 percent year on year in April, according to Kamco Invest’s May 2026 Gulf Cooperation Council inflation update, keeping Saudi inflation “slightly below the 2 percent mark” during the first several months of the year.

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