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Inflation Rate In Oman Hits 2.4% In August 2022

The inflation rate of the Consumers Price Index (CPI) in the Sultanate of Oman stood at 2.4 per cent in August 2022, 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 August 2022 compared to August 2021, such as education by 5.1 per cent; food and non-alcoholic beverages by 4.9 per cent; health by 3.5 per cent; transport by 3.1 per cent; restaurants and hotels by 2.1 per cent; miscellaneous goods and services by 1.5 per cent; recreation and culture by 1.4 per cent; furniture, household equipment and routine household maintenance by 1.2 per cent, clothing and footwear by 0.9 per cent; and housing, water, electricity, gas and other fuels by 0.6 per cent.

Meanwhile, the prices of some main groups remained unchanged, such as tobacco and communications.

Prices also went up for oils and fats by 19.2 per cent, meats by 8.8 per cent; fruits by 7.5 per cent; non-alcoholic beverages by 4.4 per cent; bread and cereals by 4.1 per cent; milk, cheese and eggs by 3.2 per cent; sugar, jam, honey and sweets by 2.3 per cent; other foodstuffs by 1.9 per cent; and fish and seafood by 1.7%.

Prices declined for vegetables by 2.9 per cent.

The Governorate of Al Buraimi recorded the highest inflation rate of 4.3 per cent, followed by A’Dakhiliyah at 2.9 per cent, Dhofar at 2.7 per cent, A’Dhahirah at 2.6 per cent, North Al Batinah at 2.4 per cent, and North A’Sharqiyah and South A’Sharqiyah by 2.3 per cent. At 2.1 per cent, the Governorate of Muscat recorded the lowest inflation rate at 2.1.

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