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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia CPI fell to 1.8% in January 2026
FMPMonthlyReleased February 2026
Saudi Arabia CPI fell to 1.8% in January 2026, released February 2026, down 0.3% from December's 2.1% reading. The print came in cooler than the 2.0% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 0.63%. Over the past 3 months, CPI averaged 0.77%, vs 0.73% in the prior 3-month window. The reading is in the 63rd percentile of the trailing 24-month range.
Latest Release
1.8
Actual
2
Consensus
2.1
Previous
Median Absolute Error
±0.09 percentage points
across last 10 releases
Last Call
Feb 2026
Predicted: 2
Actual: 1.8
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
CPI (Saudi Arabia) was reported at 0% in March 2026. The reading fell from the previous value of 0.2%. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 0.53%, ranging from -0.1% to 2.2% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 0.63%, down from the prior three at 0.73%. Volatility over the past year (σ 0.86%) is comparable than the prior year (σ 0.93%).
THE MODEL'S TAKE
Over the last 10 releases, the Sigmacast model's median absolute error is 0.09%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include GDP Growth Rate YoY (Jul 30).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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CPI - SA
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About CPI — Saudi Arabia
DEFINITION
CPI, or Consumer Price Index, is a widely used economic indicator that measures the average change in prices of goods and services purchased by households. It is an important tool for assessing inflation and the overall cost of living for consumers. The CPI is calculated by tracking the prices of a basket of goods and services over time, providing valuable insights into the current state of the economy and its impact on consumers. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions about economic trends and financial strategies.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 1.7 %. Prior reading (Jan 2026): 1.8 %. Before that (Dec 2025): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SA Events
| Sunday, July 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Balance of Trade | 26 | 22.8 | 26 | 26.00 | Low |
| 06:00 | SA | Imports | 67.8 | 78.8 | 78 | 72.90 | Low |
| 06:00 | SA | Exports | 93.8 | 101.6 | 104 | 98.90 | Low |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | SA | GDP Growth Rate YoY | 3 | 3.8 | 3.80 | Medium | |