Saudi Arabia’s annual inflation rate slowed to 1.7% in April 2026, marking its lowest level in nearly 15 months, according to newly released data from the General Authority for Statistics.
The Consumer Price Index recorded a 1.7% year-on-year increase compared to the same period last year, slightly lower than the 1.8% inflation rate registered in March.
The authority attributed the annual rise mainly to higher prices in housing, water, electricity, gas, and other fuels, which increased by 3.8%, in addition to a 1% rise in both transportation and restaurant and accommodation services.
Housing inflation was primarily driven by a 4.8% increase in actual residential rental prices, which continues to be one of the key contributors to inflationary pressure in the Kingdom.
Transportation prices also increased due to a 5.2% rise in passenger transport services, while restaurant and accommodation services were supported by a 2% increase in accommodation costs.
The personal care, social protection, and miscellaneous goods sector recorded one of the highest annual increases at 6.3%.
On a monthly basis, the Consumer Price Index rose by 0.2% in April compared to March 2026, mainly driven by a 0.9% increase in food prices.
Prices for housing, utilities, and fuel-related services also increased by 0.3% month-on-month, while healthcare prices rose by 0.2%.
The slowdown in inflation reflects continued relative price stability in Saudi Arabia, despite ongoing pressure from rental costs and essential services.
