Inflation Saudi Arabia 2003
Average inflation: 0.6%
Inflation in 2003
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
Inflation is 0.9 percentage points 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
Over the period 2001-2003, inflation shows an upward trend. Compared to 2002, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- June: +1.0 percentage points
ECB Target
Inflation is 1.4 percentage points 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 SAR 100 this year will cost approximately SAR 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.