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Producer prices rise above consumer inflation
The Producer Price Index in the Kingdom increased by 5.3% in July 2026 on an annual basis, surpassing the Consumer Price Inflation rate of 1.8% by approximately 3.5 percentage points. This was driven by a rise in manufacturing prices by 5.5%, particularly in chemicals (13.1%) and apparel (12.9%). Conversely, some sectors experienced declines, notably metal products, which fell by 3.1%. The index also recorded a monthly decrease of 2.8%, mainly due to falling prices of petroleum products and chemicals. The data reveal a clear gap between rising producer prices and those at wholesale and consumer levels, with the producer index increasing by 5.3%, compared to just 1.8% for consumers.
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