World Economy

Oman January Inflation at 1.05%

Oman January Inflation at 1.05%Oman January Inflation at 1.05%

Annual inflation rate in Oman for January increased to 1.05% compared with the same month of the previous year. January inflation recorded a 0.1% increase compared with December 2017 rate, according to the consumer price index data released by the National Center for Statistics and Information, ONA reported. The rise in January price index was due to increases in prices of major categories such as housing, water, electricity, gas and other fuels by 0.17%. Prices of food and non-alcoholic beverages increased 1.3%. While transportation cost rose 2.53%, the price index for furniture, household equipment and maintenance increased 1.99% in January. Education cost also increased by 4.9%, miscellaneous goods and services by 0.62%, healthcare by 1.88% and tobacco products by 1.76%. Prices in restaurants and hotels category marginally decreased 0.01%, clothing and footwear decreased by 0.06% and communications by 0.15% during January 2018 compared to the same month of the previous year.

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