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Oman’s inflation rate hits 2.4% in August

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 foodstuff by 1.9 per cent and fish and seafood by 1.7 per cent. Prices declined for vegetables by 2.9 per cent.

As far as governorates are concerned, Al Buraimi recorded the highest inflation rate of 4.3 per cent, followed by Al Dakhiliyah by 2.9 per cent, Dhofar by 2.7 per cent, Al Dhahirah by 2.6 per cent, North Al Batinah by 2.4 per cent, North Al Sharqiyah and South Al Sharqiyah by 2.3 per cent, while the Governorate of Muscat recorded the lowest inflation rate of 2.1 per cent.