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Oman’s producer price index decreases by 1.7% in Q1 2024

Oman's producer price index recorded a decrease of 1.7 percent in the first quarter of 2024, compared to the same period in 2023

Oman News Agency

info@thearabianstories.com

Sunday, June 23, 2024

Muscat – According to the data issued by the National Center for Statistics and Information, the prices of the mining and quarrying group decreased by 1.4 percent, as the prices of crude oil and natural gas products decreased by 1.5 percent, stone and sand products by 1.4 percent, while the prices of metal ore products increased by 16.4 percent.

The prices of the manufacturing industries group also decreased by 2.6 percent, as most of the sub-group prices decreased by varying percentages, most notably the prices of the transportable goods group by 4.6 percent and the metal products, machinery and equipment group by 0.2 percent.

However, food products, beverages, and textiles increased by 0.1 percent, while the prices of the water production group increased by 5.6 percent and the electric energy group by 0.5 percent.

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