Oman’s inflation of the producer price index (PPI) declined by 13.9 per cent in the second quarter of 2015 compared to the same quarter last year, according to data released by National Centre for Statistics and Information (NCSI).
Prices of oil and gas products posted a 15.7 per cent year-on-year fall, while non-oil products prices fell by 3.6 per cent in the second quarter. Non-oil manufacturing and transportable goods registered a price decline of five per cent and 6.8 per cent respectively.
Food, beverages and textiles too experienced a price fall of 2.9 per cent. Under this, fish, fruits, vegetables and oils saw prices tumbling by 4.5 per cent, and dairy products by 10.7 per cent. Bakery and related products, and beverages experienced price rise of one per cent and 0.1 per cent in order, while textiles and footwear prices went down by 0.2 per cent.
However, prices of the mining, electricity and water subset logged a price rise of 1.4 per cent. Among this set, electricity and water prices rose 1.7 per cent, while minerals subset decreased by 1.9 per cent.
Metal products, machinery and equipment set witnessed a price fall of 3.5 per cent in the second quarter as against same period in 2014.