Inflation rate rises marginally in Oman

MUSCAT: The latest statistics released by the National Centre for Statistics and Information on consumer price index pointed out that while the inflation rate in the Sultanate during January this year increased by 0.4 per cent compared to that in 2014. The increase in price index during January compared to the same period last year is attributed to the rise in price of most of the main groups which comprise the consumer basket except for food and beverages which fell by 1.44 per cent, textile and footwear declined by 1.18 per cent. The sub groups under the food and beverage groups witnessed slight variation.

While fish and seafood, vegetables and bread and cereals declined by 8.59 per cent, 10.01 per cent, 0.08 per cent respectively, milk, cheese and eggs groups increased by 0.86 per cent, oil and fats by 0.2 per cent, fruits by 1.18 per cent, beverages by 0.13 per cent and tobacco by 3.19 per cent.

The major groups which recorded increase in prices during January compared to the same month in 2014 include home appliance and equipment, home regular maintenance (6.12 per cent), health (5.79 per cent), communication (4.8 per cent) and education (4.5 per cent). Housing, water, electricity, gas and other fuels increased by 0.4 per cent compared to 0.43 per cent for transport, 0.47 per cent for restaurants and hotels.

SOURCE: OMAN DAILY OBSERVER

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