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SAMA Governor: Saudi inflation steady in 2026
The Governor of the Saudi Central Bank, Ayman Siari, stated that the Saudi economy maintained price stability with inflation at a rate of 1.8% during the first seven months of 2026, despite growth slowing due to external disturbances. Non-oil activities continued to grow thanks to structural reforms and private sector participation, with the unemployment rate decreasing to 3.1% in the first quarter of the year and 6.4% among Saudis. He pointed out that challenges include external impacts such as rising shipping and insurance costs, while domestic demand remains a pillar of growth. Significant emphasis is placed on economic diversification policies under Vision 2030, with a focus on enhancing international cooperation, improving financial awareness, and combating financial fraud.
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