Riyadh – Mubasher: Consumer-price inflation in Saudi Arabia eased in April 2026, according to a report by Emirates NBD Research.
April inflation data from Saudi Arabia, bucking the broader trend of rising price pressures elsewhere, showed subdued price growth.
The report noted that war-related global supply shocks from the regional conflict indicate little sign of feeding through to prices in Saudi Arabia.
Headline CPI eased to 1.7% on an annual basis, attributed to housing costs that slowed further, which kept a lid on overall prices.
Food and transport prices picked up slightly in the Kingdom, but not enough to alter the broader inflation outlook.
Outlook
Emirates NBD Research projects inflation to stay contained in Saudi Arabia during 2026.
This will be on the back of moderating housing costs, a strong US dollar and regulated fuel prices.
Even if price growth quickens in coming months, Saudi Arabia starts from a better position than several regional peers, according to the report.
The non-oil activity in the Kingdom during April signaled growth and resilience, with the PMI rising to 51.5 while banking liquidity conditions relatively improved.
