Economy
Inflation In Oman Stands At 1.89% In January 2023
The inflation rate of the Consumers Price Index (CPI) in Oman stood at 1.89 per cent during January 2023, according to the latest data issued by the National Centre for Statistics and Information (NCSI).
The data indicated a rise in the prices of main groups in January 2023 compared to the corresponding period in 2022, such as food and non-alcoholic beverages by 4.78 per cent; restaurants and hotels by 3.91 per cent; furniture, household equipment and routine household maintenance by 3.42 per cent; health by 2.73 per cent; miscellaneous goods and services by 2.04 per cent; recreation and culture by 1.96 per cent; clothing and footwear by 1 per cent; transport by 0.77 per cent; education by 0.05 per cent; housing, water, electricity, gas and other fuels by 0.03 per cent.
Meanwhile, inflation declined in the group of communications by 0.15 per cent, and stabilised in the tobacco group.
Prices also went up for oils and fats by 19.6 per cent; milk, cheese and eggs by 7.53 per cent; meats by 5.70 per cent; bread and cereals by 5.50 per cent; non-alcoholic beverages by 5.18 per cent; other foodstuffs by 3.45 per cent; fruits by 3.28 per cent; sugar, jam, honey and sweets by 2.61 per cent, fish and seafood by 2.14 per cent.
Prices dropped in the group of vegetables by 0.12 per cent.
Among all Governorates, Al Buraimi recorded the highest inflation rate at 2.91 per cent, followed by Al Dakhiliyah at 2.13 per cent, Al Dhahirah at 2.11 per cent, North Al Batinah at 1.94 per cent, and Muscat at 1.89 per cent.
The lowest inflations rate was recorded in the Governorate of Dhofar, as well as the Governorates of North and South Al Sharqiyah by 1.83 per cent and 1.36 per cent, respectively.
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Magazines2 weeks agoOER Magazine July Edition 2026
-
Highlights3 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Banking & Finance1 month agoOman Housing Bank launches digital waiting list for housing loans
-
Magazines2 weeks agoAl Mar’a Magazine July 2026
-
News4 weeks agoMade by Google 2026: Top 10 Biggest Launches You Need to Know – From the New Pixel 11 to a Life-Saving AI Watch
-
Alamaliktistaad Magazines2 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Banking & Finance4 weeks agoOman Arab Bank CEO Sulaiman Al Harthi Retires as Ali Al Mani Is Named Successor
