Oman’s inflation fell to 2.4% in August

MUSCAT: The inflation rate of the Consumer Price Index in the Sultanate of Oman reached 2.4%, according to the data of the monthly consumer price survey issued by the National Center for Statistics and Information on Wednesday.
Inflation rate decreased to 2.41% in August from 2.57% in July of 2022.

The data showed an increase in the prices of the main commodity groups in August, 2022 compared to the same month of 2021, such as the education group by 5.1%, the food and non-alcoholic beverages group by 4.9%, the health group by 3.5%, the transportation group by 3.1%, and the restaurants and hotels group by 3.1% and 2.1 %, the group of miscellaneous goods and services by 1.5%, the group of culture and entertainment by 1.4%, the group of furniture, fixtures, household equipment and regular household maintenance by 1.2%, the group of clothes and shoes by 0.9%, and the group of housing, water, electricity, gas and other fuels by 0.6 %, on the other hand.

Tobacco and communications stabilized without any change.

According to the data for food and non-alcoholic beverages, the oil and fat price index increased by 19.2%, the meat price index by 8.8%, the prices of fruits by 7.5%, the prices of non-alcoholic beverages by 4.4%, the prices of bread and cereals by 4.1%, and the prices of milk, cheese and eggs by 3.2%, sugar, jam, honey and sweets prices by 2.3%, other foodstuffs by 1.9%, fish and seafood prices by 1.7%, while the vegetable group price index decreased by 2.9%.

At the governorate level, Al Buraimi governorate witnessed the highest inflation rate at 4.3%, then Al Dakhiliyah Governorate with 2.9%, then Dhofar Governorate with 2.7%, then Al Dhahirah Governorate with 2.6%, followed by North Al Batinah Governorate with 2.4%, then North and South Al Sharqiyah governorates with a rate of 2.6% and 2.3%, and the Governorate of Muscat recorded the lowest inflation rate of 2.1%.

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