Inflation Saudi Arabia 2022
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.3%. The lowest inflation was in January at 1.2%.
- Highest month
- December: 3.3%
- Lowest month
- January: 1.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 5.5%. The lowest price increase was in Clothing and footwear with an average of -1.3%.
- Highest increase
- Education: 5.5%
- Lowest increase
- Clothing and footwear: -1.3%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 1.8%
- All-time high (2008)
- 9.9%
- All-time low (2019)
- -2.1%
Trend
Inflation has remained relatively stable. Compared to 2021, the difference is minimal (-0.6 percentage point).
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- January: -4.5 percentage points
ECB Target
Inflation is 0.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 1.2% | -4.5 |
| February | 1.6% | -3.6 |
| March | 2.0% | -2.9 |
| April | 2.3% | -3.0 |
| May | 2.2% | -3.5 |
| June | 2.3% | -3.9 |
| July | 2.7% | +2.3 |
| August | 3.0% | +2.7 |
| September | 3.1% | +2.5 |
| October | 3.0% | +2.2 |
| November | 2.9% | +1.8 |
| December | 3.3% | +2.1 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 11/01/2026.