Saudi Arabia’s Inflation Rate Remains at 1.7% in September, GASTAT Reports

The General Authority for Statistics (GASTAT) released today the Consumer Price Index (CPI) for September 2024, which shows that Saudi Arabia's inflation rate remained at 1.7% in September 2024, compared to September 2023, showing stability throughout the year. This demonstrates the country's economic resilience and places its inflation rate among the most stable. It also underscores the effectiveness of Saudi Arabia's economic strategies and timely decisions in managing global inflation and price surges. According to GASTAT, CPI measures the price of a fixed basket of 490 goods and services paid by consumers. The basket is selected based on a 2018 household income and expenditure survey, which determined the items and their respective weights. Prices are collected through on-site visits to sales points. CPI statistics are published monthly. Source: Saudi Press Agency