2025.11.1306:18:40UTC+00Saudi Arabia Wholesale Inflation Hits 13-Month High

In October 2025, Saudi Arabia experienced an acceleration in its annual wholesale price inflation rate, which rose to 2.9% from 2.1% over the preceding four months. This marks the highest inflation rate since September 2024. The primary contributors to this increase were higher prices for transportable goods, excluding metal products, machinery, and equipment, which saw a rise of 5.4% compared to 4% in September. This was largely driven by an 8.2% hike in refined petroleum product prices and a 6.9% increase in basic chemical prices. Additionally, there was an uptick in price growth for metal products, machinery, and equipment, which increased to 0.5% from 0.1%. Conversely, inflation slightly decreased for agriculture and fishery products, dropping to 4.6% from 4.7%, and for food products, beverages, tobacco, and textiles, easing to 0.5% from 0.6%. Meanwhile, the cost of ores and minerals remained in decline, unchanged at -0.6%. On a monthly scale, wholesale prices increased by 0.5%, marking the fastest rise since January, following a 0.3% increase in September.