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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia CPI MoM held to 0.2% in July 2026
FMPMonthlyReleased August 2026
Saudi Arabia CPI MoM held to 0.2% in July 2026, released August 2026. The print came in hotter than the 0.1% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.18%. Over the past 3 months, CPI MoM averaged 0.2%, vs 0.17% in the prior 3-month window.
Latest Release
0.2
Actual
0.1
Consensus
0.2
Previous
Median Absolute Error
±0.1 percentage points
across last 4 releases
Last Call
Aug 2026
Predicted: 0.1
Actual: 0.2
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Saudi Arabia) was reported at 0.2% in August 2026. This beat the market consensus of 0.1% by 0.1%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through August 2026.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI MoM - SA
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About CPI MoM — Saudi Arabia
DEFINITION
Saudi Arabia's CPI MoM for July came in at 0.20%, matching June's 0.20% and doubling the 0.10% estimate. Inflation held steady month-over-month, indicating persistent price pressures without acceleration or easing. Market focus remains on upcoming monetary policy decisions amid stable inflation readings. Updated 8/13/26
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 (Jul 2026): actual 0.2 %, consensus 0.1 %. Prior reading (Jun 2026): 0.2 %. Before that (May 2026): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - SA Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Wholesale Prices YoY | 4.6 | 5 | 5.1 | 4.85 | Low |
| 06:00 | SA | Inflation Rate MoM | 0.1 | 0.2 | 0.1 | 0.10 | Low |
| 06:00 | SA | Inflation Rate YoY | 1.8 | 1.8 | 1.8 | 1.80 | Low |