The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services
The annual inflation rate in Saudi Arabia remained stable at 2 percent in February 2025, maintaining the same year-on-year rate as the previous year. This rate underscores Saudi Arabia’s position as having one of the lowest inflation rates among G20 countries, SPA reported.
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. CPI statistics are published monthly in Saudi Arabia.
Saudi Arabia’s stock market continued its upward trend following an upgrade in ratings by S&P. Global ratings agency S&P has upgraded Saudi Arabia’s long-term sovereign credit rating to “A+” from “A” due to the ongoing social and economic transformation in alignment with the Vision 2030 program. Saudi Arabia’s benchmark index concluded 1.1 percent higher, driven by a 4.4 percent rise in Saudi Arabian Mining Company and a 0.6 percent increase in Al Rajhi Bank. The upgrade is supported by enhanced governance effectiveness and institutional frameworks, including the deepening of domestic capital markets.
Read more: UN acknowledges Saudi Arabia as global model for water resources management
Cabinet approval for Investment Marketing Authority
Earlier in March, Saudi Arabia’s cabinet approved the formation of the Investment Marketing Authority, marking a major milestone in the country’s efforts to attract additional foreign direct investment and diversify its economy away from oil. The Saudi Investment Marketing Authority will contribute to diversifying the nation’s economy and enhancing its competitiveness on the global stage. Its launch also aligns with the objectives of the National Investment Strategy.
Last week, Saudi Arabia was recognized by the United Nations Water Committee (UN-Water) as a leading global model for achieving the Degree of Integrated Water Resources Management Implementation Index (6.5.1) under Sustainable Development Goal 6 (SDG 6), showcasing the Kingdom’s significant advancements in this critical area.