GASTAT highlighted that the Kingdom’s inflation rate is considered the lowest among the G20 countries
Saudi Arabia’s annual inflation rate recorded 2.0 percent compared to January 2024, according to the General Authority for Statistics (GASTAT) released its Consumer Price Index (CPI) report for January 2025.
GASTAT highlighted that Saudi Arabia’s inflation rate is considered the lowest among the G20 countries.
The Consumer Price Index (CPI) tracks the prices consumers pay for a fixed basket of 490 goods and services. This basket was determined based on the 2018 household income and expenditure survey. Price data has been collected through visits to points of sale, and CPI statistics are published monthly.
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Saudi Arabia’s non-oil economy kicked off 2025 on a positive note as business conditions improved significantly. This enhancement was primarily driven by the fastest growth in total new orders since June 2011, leading to rapid expansions in both activity and inventory levels.
The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) climbed to 60.5 in January, up from 58.4 in December. This increase not only indicated substantial growth in operating conditions at the beginning of 2025 but also marked the highest level since September 2014.
Four out of five sub-components of the PMI contributed positively to the headline figure in January, with the New Orders Index showing an increase of over five points during the month. This index reflected the most significant rise in new work intakes in more than 13.5 years. Additionally, Saudi Arabia’s non-oil economy experienced a boost in export sales, which played a crucial role in the surge in total new orders. The latest data revealed the fastest growth in foreign demand in 18 months in January.