Oman’s Inflation Rate Increases by 0.8% in October 2024

Oman’s inflation rate increased by 0.8% at the end of October 2024 compared to the same month in 2023. The data reflects price changes in various goods and services, particularly in food and non-alcoholic beverages. Below are the details:

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Price Changes in Major Goods and Services Groups

The table below shows the changes in prices of key goods and services:

Goods and Services Group	Percentage Change
All Goods and Services	Increase 4.8%
Food and Non-Alcoholic Beverages	Increase 3.5%
Health Services	Increase 3.2%
Culture and Entertainment	Increase 0.8%
Restaurants and Hotels	Increase 0.6%
Clothing and Footwear	Increase 0.5%
Furniture and Household Equipment	Increase 0.4%
Education	Increase 0.1%
Transportation	Decrease 2.6%
Housing, Water, Electricity, Gas and Other Fuels	No Change
Communications and Tobacco	No Change

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Price Changes in Food Items

Food items experienced significant price increases:

Food Items	Percentage Change
Vegetables	Increase 8.9%
Fruits	Increase 8.0%
Milk, Cheese, and Eggs	Increase 5.4%
Oils and Fats	Increase 3.8%
Meat	Increase 2.8%
Sugar, Jam, Honey, and Sweets	Increase 2.4%
Bread and Cereals	Increase 0.8%
Non-Alcoholic Beverages	Increase 0.7%
Fish and Seafood	Decrease 1.2%

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Inflation Rates by Governorate

Some regions experienced higher inflation rates:

Governorate	Inflation Rate
South Al Sharqiyah	Increase 1.9%
Al Wusta and Musandam	Increase 1.6%
North Al Sharqiyah	Increase 1.3%
Ad Dakhiliyah	Increase 1.1%
North Al Batinah	Increase 0.8%
Al Buraimi and Ad Dhahirah	Increase 0.7%
Muscat	Increase 0.6%
South Al Batinah	Increase 0.4%

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Conclusion

The data shows that the increase in food and health services prices were the primary drivers of inflation. Meanwhile, the decrease in transportation prices helped to slightly reduce the overall inflation rate.