Saudi Inflation: 102 of 168 Items Rose in June

Saudi inflation has moderated from the peaks seen in 2023, when housing and food costs pushed the headline rate above 3%. The June reading suggests price pressures remain broad-based even as the pace of annual increases has slowed in recent months.

The data comes as the kingdom continues its economic diversification push under Vision 2030, with non-oil GDP growth outpacing the oil sector. Consumer spending has held up, supported by government wage increases and a strong labor market.

The General Authority for Statistics publishes the monthly price index with a lag. The June report is the latest available snapshot of consumer price trends in the region's largest economy.