Saudi Arabia’s annual wholesale price inflation accelerated to 4.6% in May 2026 from 3.3% in each of the previous two months. This marked the highest reading since October 2022, as price growth picked up mainly for other transportable goods, excluding metal products, machinery, and equipment (9.1% vs 6.4% in April), driven by a 59.0% increase in basic chemical prices and a 3.9% rise in refined petroleum product prices. Inflation also accelerated for agriculture and fishery products (3.0% vs 1.7%), reflecting higher prices for agricultural products (2.8%) and live animals and animal products (4.9%). Costs also rose faster for metal products, machinery, and equipment (1.5% vs 1.1%). Meanwhile, prices for ores and minerals continued to decline, though at a slower pace (-0.6% vs -0.3%), while food products, beverages, tobacco, and textiles slipped into deflation (-0.1% vs 0.8%). On a monthly basis, wholesale prices jumped 1.2%, following a 0.2% increase in April.

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