FX.co ★ Saudi Arabia Wholesale Inflation Rises to Near 4-Year High

Saudi Arabia’s annual wholesale price inflation accelerated to 4.8% in June 2026, up from 4.6% in May, reaching its highest level since August 2022. The increase was driven by higher prices for metal products, machinery, and equipment (1.6% vs. 1.5% in May); other transportable goods excluding metal products, machinery, and equipment (9.3% vs. 9.1%); and agricultural and fishery products (4.0% vs. 3.0%). Prices for food products, beverages, tobacco, and textiles rose 0.2%, reversing a 0.1% decline in the previous month. In contrast, prices for ores and mineral products continued to fall, though at a slightly slower rate (-0.5% vs. -0.6%). On a monthly basis, wholesale prices increased 0.2% in June, moderating from a 1.2% surge in May.