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September 28, 2023
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Saudi Arabia M3 money supply 9.59% y-o-y in Aug-23



- The M3 money supply in Saudi Arabia recorded its highest year-on-year growth since March 2023, reaching 9.59% in August 2023.
- This growth is 0.68 percentage points higher than the one-year average and 1.05 percentage points above the long-run average, suggesting potential policy changes or economic shifts in Saudi Arabia.

September 14, 2023
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Saudi CPI Inflation 2.0% y-o-y in Aug-23

- Saudi Arabia's year-on-year CPI inflation in August 2023 recorded a growth rate of 2.0%, the lowest since February 2022 and below both the one-year and long-run averages.
- On a monthly basis, CPI inflation remained stagnant at 0.0% in August 2023, indicating price stability during the period.