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Oman’s Producer Price Index up by 3.3% in Q2 2024

The Sultanate of Oman has reported a 3.3 percent increase in its Producer Price Index (PPI) for the second quarter of 2024, compared to the same period in 2023.

Oman News Agency

info@thearabianstories.com

Tuesday, September 17, 2024

MUSCAT : According to data released by the National Centre for Statistics and Information, the rise in the PPI was primarily driven by significant increases in the mining and quarrying sector, which saw a 5.2 percent boost. Within this sector, prices for crude oil and natural gas products climbed by 5.4 percent, ore products surged by 6.2 percent, while prices for stone and sand products experienced a decline of 1.6 percent.

The manufacturing sector also saw a modest increase of 0.5 percent in prices.

Significant changes within this sector included a 2.4 percent rise in prices for food, beverage, and textile products, and a 1.1 percent increase in transportable goods. Conversely, prices for metal products, machinery, and equipment fell by 1 percent.

Additionally, the electricity group experienced a 2.2 percent rise in prices, while the water production group saw a notable increase of 5.5 percent.


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