Saudi Arabia Maintains Inflation Below 2% Despite Regional Pressures
- brg_news_room
- 5 hours ago
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Saudi Arabia: Saudi Arabia recorded consumer price inflation of 1.7% year-on-year in April 2026, according to Kamco Invest’s Gulf Cooperation Council inflation update. The figure remained below 2% despite increasing global inflationary pressures linked to higher energy, food and transport costs following the conflict in the Middle East.
The report noted that housing-related costs remained the main contributor to inflation in the Kingdom. Prices for housing, water, electricity, gas and other fuels increased by 3.8% year-on-year, while actual housing rents rose by 4.8%. Kamco Invest also highlighted wider global inflation concerns, while the World Bank projected energy prices to rise by 24% in 2026 and overall commodity prices by 16%, reflecting the impact of higher energy, fertiliser and metals costs.
Source: Arab News
