Saudi Arabia - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Saudi Arabia was 126.23 as of 2021. As the graph below shows, over the past 58 years this indicator reached a maximum value of 126.23 in 2021 and a minimum value of 19.94 in 1963.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1963 19.94
1964 20.50
1965 20.58
1966 20.90
1967 21.34
1968 21.68
1969 22.44
1970 22.48
1971 23.48
1972 24.50
1973 28.55
1974 34.66
1975 46.65
1976 61.37
1977 68.37
1978 67.29
1979 68.01
1980 70.85
1981 72.83
1982 73.58
1983 73.72
1984 72.57
1985 70.35
1986 68.09
1987 67.04
1988 67.65
1989 68.35
1990 69.77
1991 73.16
1992 73.10
1993 73.87
1994 74.29
1995 77.91
1996 78.86
1997 78.90
1998 78.61
1999 77.56
2000 76.69
2001 75.83
2002 76.02
2003 76.48
2004 76.88
2005 77.25
2006 78.95
2007 82.24
2008 90.36
2009 94.93
2010 100.00
2011 105.83
2012 108.86
2013 112.71
2014 115.23
2015 116.62
2016 119.03
2017 118.03
2018 120.93
2019 118.40
2020 122.48
2021 126.23

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices