• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In

Weekly Market Brief – 2/18/2022

March 1, 2022 Weekly Market Briefs

Saudi Arabia Macroeconomic Developments

  • Consumer prices in Saudi Arabia rose 1.2 percent YoY in January, remaining unchanged from the previous month. Transportation prices (+4.9 percent) primarily drove inflation, mainly due to a 35 percent increase in gasoline prices. Food prices rose 2 percent while ‘housing, water, & electricity’ prices declined 1.3 percent. On a monthly basis, consumer prices were relatively stable and rose 0.2 percent from December.

 

  • Wholesale prices in Saudi Arabia increased 12.3 percent YoY in January, remaining high but slowing from last month’s 13.2 percent increase. Wholesale inflation was driven by a 63.3 percent price increase in basic chemicals and a 29 percent increase in refined petroleum products. ‘Metal products, machinery, & equipment’ prices rose 7.7 percent due to higher prices for basic metals (+17.3 percent). On a monthly basis, wholesale prices were stable and rose just 0.1 percent.

 

  • The Ministry of Finance issued SAR13.18 billion ($3.5 billion) under its riyal-denominated sukuk program for February. The issuance was divided into two tranches of SAR7.5 billion ($2 billion) and SAR5.6 billion ($1.5 billion) maturing in 2030 and 2034, respectively.

 

 Subscribe and Save – $62/month

Click here to Subscribe for Free to view this content.

Already a member? Log in here
Share
0

You also might be interested in

Weekly Market Brief – 3/14/2025

Weekly Market Brief – 3/14/2025

Mar 17, 2025

Saudi Arabia Macroeconomic Developments   Saudi Arabia’s economic growth was[...]

G20 Agriculture and Water Ministers Discuss Food Security and Water Challenges
G20 Saudi Arabia 2020 Logo

G20 Agriculture and Water Ministers Discuss Food Security and Water Challenges

Sep 14, 2020

On September 12, 2020, the G20 Agriculture and Water Ministers[...]

Empowering Localization and Driving Growth: Insights from Rawabi Holding
Noaf Alturki, Vice President, Corporate Affairs

Empowering Localization and Driving Growth: Insights from Rawabi Holding

Jul 6, 2023

In a recent interview with the U.S.-Saudi Business Council (USSBC),[...]

  • About Us
  • Membership
  • Visa Services
  • Events & Programs
  • Advisory Services
  • Resources
  • Store

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
P.O. Box: 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next