Sultanate of Oman Inflation drops by 1.46 percent

  • Muscat, Sultanate of Oman
  • 14 December 2020
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The data issued by the National Center for Statistics and Information about the Consumer Price Index numbers in the Sultanate of Oman revealed, the rate of inflation decreased by 1.46 percent during the month of November (November), compared to the same month last year.

The rate of inflation during the past month decreased by 0.09 percent compared to last October.

The reason for the decrease in the price index last month is due to the drop in the prices of the main groups such as housing, water, electricity, gas and other fuels by 0.42 percent, the transmission group increased by 5.88 percent, the restaurant and hotel group by 0.25 percent, and clothes and shoes by 0.13 percent, and the telecommunications group by 0.04 percent, and the group of furniture, household appliances and equipment, and regular household maintenance by 0.25 percent.

On the other hand, the prices of the food and non-alcoholic beverages group decreased by 0.78 percent. While the prices of the various goods and services group increased by 1.26 percent, and the education group by 0.08 percent. And the health group by 0.02 percent, and the culture and entertainment group by 0.52 percent, while the prices of the tobacco group were stable.

Source (Al-Sharq Al-Awsat newspaper, Edited)