{"id":94888,"date":"2025-03-03T00:00:00","date_gmt":"2025-03-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/"},"modified":"2025-03-03T00:00:00","modified_gmt":"2025-03-03T00:00:00","slug":"inflation-at-1-9-y-o-y-in-4q-2024-sama","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/","title":{"rendered":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama"},"content":{"rendered":"

<\/strong>Saudi Arabia\u2019s inflation reading inches up in 4Q:<\/strong> The Kingdom\u2019s average Consumer Price Index (CPI) saw a 1.9% y-o-y increase in 4Q 2024, according to the Saudi Central Bank\u2019s quarterly inflation report (pdf)<\/a>. The reading was up 1.7% y-o-y in 2024.<\/p>\n

Rent is the main culprit: <\/strong>The rise in 4Q was attributed to an increase in the segment of housing, water, electricity, gas, and other fuels \u2014 mainly driven by a rise in housing rents. The segment recorded the highest y-o-y inflation rate among the Kingdom\u2019s basket of goods and services, rising by 9.2% over the same period.<\/p>\n

Why were housing rents so high?<\/strong> \u201cThis rise may be attributed to the growing domestic demand resulting from population growth in major cities, and the expansion in tourism and recreation activities, alongside slower housing supply, which contributed to widening the gap between supply and demand in the rental housing market,\u201d according to the report.<\/p>\n

More on the drivers: <\/strong>Miscellaneous goods and services came second at a 2.4% increase in 4Q, followed by restaurants and hotels at 1.4%, education at 1.1%, and food and beverages at 0.4%. Meanwhile, furnishings, household equipment and maintenance posted the highest y-o-y decrease, declining by 2.9% over the quarter. <\/p>\n

Looking ahead:<\/strong> The Kingdom\u2019s inflation reading is expected to remain stable in Q1 2025, driven by \u201cslowing global inflation as a result of lower commodity prices (food and energy), in addition to rising housing rents and higher domestic demand in general, reflecting improvements in employment rates among Saudis,\u201d the report reads.<\/p>\n

REMEMBER-<\/strong> Inflation rebounded slightly to 2.0% y-o-y in January<\/a>, up from 1.9% in December, in what marked a continued overall upward trend for the Kingdom\u2019s inflation figures over the last five months. Capital Economics expects the Kingdom\u2019s headline inflation rate to hover around 2% y-o-y until 4Q, before slowing back down towards the 1% mark. Meanwhile, the IMF sees inflation holding steady at 1.9% and 2.0% this year and the next<\/a>, while the Al Rajhi Capital sees<\/a> inflation remaining stable at 2.1% in 2025 before cooling slightly to 2.0% in 2026.<\/p>\n

MEANWHILE-<\/strong> The Wholesale Price Index (WPI) increased 1.6% y-o-y in 4Q 2024, with transportable goods (except metal products machinery and equipment) logging the highest y-o-y increase at 3.5%, followed by agriculture and fishery products (2.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Rent is the main culprit<\/p>\n","protected":false},"author":1,"featured_media":94889,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2571],"tags":[1098,27,10,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-consumer-price-index-cpi","tag-economy","tag-enterpriseam-ksa","tag-inflation","wpautop","entry"],"acf":{"mongo_id":"9bfb4092-01d5-4067-9a01-d9c42c834775","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1361.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama","related_issue":[94883],"teaser":"Rent is the main culprit","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.bea929d0-ceb7-460a-8a8d-b4db41b56a6a.mp3"},"yoast_head":"\nInflation at 1.9% y-o-y in 4Q 2024 -Sama - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation at 1.9% y-o-y in 4Q 2024 -Sama\" \/>\n<meta property=\"og:description\" content=\"Rent is the main culprit\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Inflation at 1.9% y-o-y in 4Q 2024 -Sama\",\"datePublished\":\"2025-03-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\"},\"wordCount\":365,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Consumer Price Index (CPI)\",\"ECONOMY\",\"EnterpriseAM KSA\",\"Inflation\"],\"articleSection\":[\"ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\",\"name\":\"Inflation at 1.9% y-o-y in 4Q 2024 -Sama - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-03-03T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inflation at 1.9% y-o-y in 4Q 2024 -Sama\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/","og_locale":"en_US","og_type":"article","og_title":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama","og_description":"Rent is the main culprit","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/","og_site_name":"KSA","article_published_time":"2025-03-03T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama","datePublished":"2025-03-03T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/"},"wordCount":365,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1","keywords":["Consumer Price Index (CPI)","ECONOMY","EnterpriseAM KSA","Inflation"],"articleSection":["ECONOMY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/","name":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1","datePublished":"2025-03-03T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/03\/inflation-at-1-9-y-o-y-in-4q-2024-sama\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Inflation at 1.9% y-o-y in 4Q 2024 -Sama"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1361.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/94888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=94888"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/94888\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/94883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/94889"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=94888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=94888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=94888"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=94888"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=94888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}