Inflation Saudi Arabia 2004
Average inflation: 0.5%
Current Inflation
Inflation is very low at 0.5%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 1.1%. The lowest inflation was in September at 0.0%.
- Highest month
- February: 1.1%
- Lowest month
- September: 0.0%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.7% higher than the 5-year average of -0.2%.
- 5-year average
- -0.2%
- 10-year average
- -0.2%
- All-time high (2003)
- 0.6%
- All-time low (2001)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- July: -0.9 percentage points
ECB Target
Inflation is 1.5% 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 €100.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 0.9% | +0.4 |
| February | 1.1% | +0.8 |
| March | 0.9% | +0.5 |
| April | 0.6% | +0.2 |
| May | 0.4% | -0.1 |
| June | 0.2% | -0.6 |
| July | 0.2% | -0.9 |
| August | 0.4% | -0.3 |
| September | 0.0% | -0.8 |
| October | 0.4% | -0.2 |
| November | 0.6% | +0.1 |
| December | 0.4% | -0.2 |
| Average | 0.5% |
Data source
Data from OECD. Last updated: 04/01/2026.