Inflation Saudi Arabia 2003
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in July at 1.1%. The lowest inflation was in February at 0.3%.
- Highest month
- July: 1.1%
- Lowest month
- February: 0.3%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.9% higher than the 5-year average of -0.4%. This approaches the highest level since records began (0.6% in 2003).
- 5-year average
- -0.4%
- 10-year average
- -0.4%
- All-time high (2003)
- 0.6%
- All-time low (2001)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2002, inflation has risen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- June: +1.0 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 0.5% | +0.8 |
| February | 0.3% | +0.3 |
| March | 0.4% | +0.5 |
| April | 0.4% | +0.6 |
| May | 0.5% | +0.5 |
| June | 0.8% | +1.0 |
| July | 1.1% | +0.8 |
| August | 0.7% | +0.1 |
| September | 0.8% | +0.1 |
| October | 0.6% | 0.0 |
| November | 0.5% | -0.3 |
| December | 0.6% | -0.1 |
| Average | 0.6% |
Data source
Data from OECD. Last updated: 04/01/2026.