Inflation Saudi Arabia 2008
Average inflation: 9.9%
Current Inflation
Inflation is very high at 9.9%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 11.1%. The lowest inflation was in January at 7.0%.
- Highest month
- July: 11.1%
- Lowest month
- January: 7.0%
- Difference
- 4.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 6.4% higher than the 5-year average of 3.5%. This approaches the highest level since records began (9.9% in 2008).
- 5-year average
- 3.5%
- 10-year average
- 1.8%
- All-time high (2008)
- 9.9%
- All-time low (2001)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +5.7 percentage point.
- Change vs. previous year
- +5.7 percentage points
- Largest monthly swing
- April: +7.6 percentage points
ECB Target
Inflation is 7.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.0% | +3.4 |
| February | 8.7% | +5.7 |
| March | 9.6% | +6.7 |
| April | 10.5% | +7.6 |
| May | 10.4% | +7.4 |
| June | 10.6% | +7.5 |
| July | 11.1% | +7.3 |
| August | 10.9% | +5.9 |
| September | 10.3% | +5.4 |
| October | 10.9% | +5.5 |
| November | 9.5% | +3.5 |
| December | 9.0% | +2.5 |
| Average | 9.9% |
Data source
Data from OECD. Last updated: 04/01/2026.