Oman’s Inflation Rate Rises by 1.1% in August

According to the National Centre for Statistics and Information, the inflation rate in Oman increased by 1.1% in August 2024 compared to the same period in 2023, based on the 2018 base year.

Changes in the Prices of Goods and Services: The prices of various groups of goods and services changed as follows:

• Miscellaneous goods and services: 4.4% increase
• Food and non-alcoholic beverages: 3.3% increase
• Health: 2.4% increase
• Housing, water, electricity, gas, and other fuels: 1.7% increase
• Culture and recreation: 0.7% increase
• Restaurants and hotels: 0.4% increase
• Clothing and footwear: 0.3% increase

On the other hand:

• Transportation: 2.7% decrease
• Furniture, household equipment, and routine home maintenance: 0.6% decrease
• Education: 0.4% decrease
• Prices for tobacco and communication remained unchanged.

Details of the Food and Non-Alcoholic Beverages Group: In this group, the price changes were as follows:

• Vegetables: 11.5% increase
• Fruits: 7.4% increase
• Milk, cheese, and eggs: 5.4% increase
• Meat: 2.8% increase
• Sugar, jam, honey, and sweets: 2.3% increase
• Other food products: 1.9% increase
• Oils and fats: 1.2% increase
• Non-alcoholic beverages: 1.1% increase
• Bread and cereals: 1% increase
• Fish and seafood: 4.1% decrease

Inflation Rate in Different Governorates of Oman:

Musandam Governorate recorded the highest inflation rate with 2.3%, followed by South Al Sharqiyah with 2.2%, and Al Wusta and North Al Sharqiyah with 2.0%.

source: Oman’s Inflation Rate Rises by 1.1% in August – Times of Oman