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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Inflation, consumer prices (annual %) fell to 2.33 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Saudi Arabia Inflation, consumer prices (annual %) fell to 2.33 Percentage (%) in January 2023, down 0.14 Percentage (%) from December's 2.47 Percentage (%) reading.
Latest Release
2.33
Latest (2023)
2.47
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation, Consumer Prices (Annual %) (Saudi Arabia) was reported at 1.69 Percent in December 2024. The reading fell from the previous value of 2.33 Percent. This is classified as a high-impact indicator released on a yearly basis.
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Inflation, consumer prices (annual %) - SA
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About Inflation, consumer prices (annual %) — Saudi Arabia
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. Surprises against consensus typically move rates and currencies on release. Released annually.
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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