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Oman’s inflation rate rises by 0.7 percent

The inflation rate in the Sultanate of Oman increased by 0.7 percent in December 2024 compared to the same month in 2023 for the base year 2018

TAS News Service

info@thearabianstories.com

Saturday, January 25, 2025

Muscat – Data from the Consumer Price Index in the Sultanate of Oman issued by the National Centre for Statistics and Information (NCSI) indicated an increase in the prices of various personal goods and services groups by 4.5 percent, the health group by 3.2 percent, food and non-alcoholic beverages group by 1.7 percent, restaurants and hotels group by 0.8 percent, culture and entertainment group by 0.6 percent, clothing and footwear group by 0.5 percent, furniture, household equipment and maintenance group by 0.4 percent, and education group by 0.1 percent.

On the other hand, the prices of the transportation group decreased by 0.8 percent, while the prices of the housing, water, electricity, gas and other fuels groups, communications and the tobacco group stabilized.

The prices of the vegetable group rose by 7.6 percent, the milk, cheese and eggs group by 3.8 percent, food products group not classified under another item by 3.7 percent, sugar, jam, honey and sweets group by 2.8 percent, meat group by 2.6 percent, the fruits group by 2.2 percent, and the oils and fats group by 1.6 percent.

The prices of the bread and grains group remained stable, while the prices of the non-alcoholic beverages group decreased by 0.5 percent, and the prices of fish and seafood group also decreased by 6.3 percent.
Musandam Governorate recorded the highest inflation rate at the end of December 2024 compared to the same period of the previous year, as the index rose by 1.6 percent. It rose by 1.5 percent in South Al Sharqiyah Governorate, by 1.4 percent in Al Wusta Governorate, and in Al Dhahirah Governorate it rose by 0.9 percent and by 0.8 percent in each of Al Buraimi, Al Dakhiliyah and Dhofar Governorates. The rate showed an increase of 0.7 percent in North Al Sharqiyah Governorate, 0.6 percent in Muscat Governorate and 0.5 percent in North Al Batinah Governorate’; in South Al Batinah Governorate it decreased by 0.1 percent.

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