News
Inflation Falls By 1.46 Percent In Oman
Muscat: The rate of Consumer Price Index-based inflation fell in the Sultanate by 1.46 per cent in November 2020.
The Sultanate’s Consumer Price Index (CPI)-based inflation fell by 1.46 per cent in November 2020 compared to the same month of 2019, according to the latest data released by the National Centre for Statistics and Information (NCSI) on the consumer price index.
According to the report, the inflation rate in November 2020 fell by 0.09 per cent compared to October 2020.
The price of food and non-alcoholic beverages fell by 0.78 per cent; housing, water, electricity, gas, and other fuels by 0.42 per cent; clothing and footwear by 0.13 per cent; furnishings, household equipment & routine household maintenance by 0.25 per cent; transport by 5.88 per cent; communication by 0.04 per cent and restaurants and hotels 0.25 per cent.
However, non-alcoholic beverages witnessed a price rise of 5.25 per cent; health by 0.02 per cent; recreation and culture by 0.52 per cent and education by 0.08 per cent.
Meanwhile, among the food and non-alcoholic beverages category, a marked rise was witnessed in the price of oils and fats; and meat by 0.10 per cent and 1.11 per cent, respectively.
However, the price of fish and seafood fell by 14.80 per cent, bread and cereals by 0.80 per cent; and milk, cheese, and eggs by 0.13 per cent. The price of fruit and vegetables also fell by 0.55 per cent and 0.42 per cent, respectively, in November 2020 against the same period of 2019.
Miscellaneous goods and services witnessed a price rise of 1.26 per cent in November 2020 compared to the same period of the previous year.
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Economy4 weeks agoOER Magazine September Edition 2026
-
Fashion4 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Banking & Finance2 months agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Artificial Intelligence1 month agoWhat the World’s Top 10 Tech CEOs Really Earn
