Saudi Arabia Wholesale Inflation Highest in Near 2 Years

Saudi Arabia’s annual wholesale price inflation rose to 3.5% in February 2026, up from 2.9% in January, reaching its highest level since March 2024. Price pressures strengthened in several categories, including food products, beverages and tobacco, and textiles (0.4% vs 0.3% in January), transportable goods excluding metal products, machinery and equipment (6.5% vs 4.9%), and metal products, machinery and equipment (1.4% vs 1.2%).

By contrast, price growth moderated for agriculture and fishery products (2.5% vs 4.2%), while costs fell further for ores and minerals (-0.2% vs -0.1%). On a monthly basis, wholesale prices edged up 0.1%, slowing from a 1.5% increase recorded in January.