Consumer prices in Oman dropped 0.22 percent year-on-year in November 2019, after decreasing 0.15 percent in the previous month. It was the second straight month of deflation.On a monthly basis, consumer prices went down 0.13 percent. Inflation Rate in Oman averaged 3.16 percent from 2005 until 2019, reaching an all time high of 14.50 percent in June of 2008 and a record low of -0.55 percent in November of 2015.

Inflation Rate in Oman is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Oman to stand at 2.00 in 12 months time. In the long-term, the Oman Inflation Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

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Oman Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.22 -0.15 14.50 -0.55 2005 - 2019 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2019-09-15 09:45 AM Aug 0.4% 0.3% 0.4%
2019-10-21 11:15 AM Sep 0% 0.4% 0.6%
2019-11-19 10:20 AM Oct -0.15% 0% 0%
2019-12-15 07:40 AM Nov -0.22% -0.15% 0.3%
2020-01-23 09:00 AM Dec -0.22% 0.2%


News Stream
2019-07-22
Oman Consumer Prices Unchanged in June
Consumer prices in Oman showed no growth from a year earlier in June of 2019, after rising 0.2 percent in the previous month. Transport cost was unchanged in June, compared with an increase of 0.8 percent in May while restaurant & hotels prices continued to show no growth, the same as in the prior month. At the same time, cost drop for housing & utilities (-0.2 percent from -0.3 percent); food & non-alcoholic beverages (-0.2 percent from 0.3 percent); clothing & footwear (-0.7 percent, the same as in May); miscellaneous goods & services (-1.8 percent from -2.3 percent); communication (-0.4 percent from -0.5 percent) and health (-0.5 percent, the same as in May) and inflation was steady for furniture & household equipment (at 4.9 percent); education (at 2 percent) and recreation & culture (at 0.9 percent). On a monthly basis, consumer prices increased 0.2 percent, the same as in the prior month.

2019-06-27
Oman Inflation Rate Slows in May
The annual inflation rate in Oman increased 0.22 percent year-on-year in May 2019, easing from a 0.40 percent rise the previous month. Prices advanced at a softer pace for food & non-alcoholic beverages (0.31 percent vs 1.15 percent in April) and restaurants & hotels (0.01 percent vs 0.09 percent) while cost continued to decline for housing & utilities (-0.27 percent vs -0.26 percent) and for clothing & footwear (-0.71 percent vs -0.66 percent). On the other hand, prices rose faster for transport (0.78 percent vs 0.71 percent) and furniture & household equipment (4.88 percent vs 4.35 percent) while inflation was steady for recreation & culture (at 0.90 percent) and education (at 1.99 percent). On a monthly basis, consumer prices went up 0.17 percent, after a 0.20 percent rise in April.

2019-06-03
Oman Annual Inflation Rate Steady at 0.4% in April
The annual inflation rate in Oman stood at 0.4 percent in April 2019, unchanged from the previous month. It remained the highest inflation rate since December 2018, as transport cost rebounded (0.7 percent vs -0.9 percent in March). Meantime, prices advanced at a softer pace for food & non-alcoholic beverages (1.2 percent vs 2.3 percent) and restaurants & hotels (0.1 percent vs 0.2 percent) while cost declined for housing & utilities (-0.3 percent from a flat reading in March); communication (-0.4 percent vs -0.3 percent) and miscellaneous goods & services (-2.0 percent vs -2.3 percent). On a monthly basis, consumer prices went up 0.2 percent, from a flat reading in March.

2019-04-08
Oman Inflation Flat in March
The annual inflation rate in Oman was flat in March 2019 from 0.2 percent in the previous month. On a monthly basis, consumer prices went up 0.4 percent, reversing from a 0.1 percent fall in the previous month and marking the first monthly increase since October last year.


Oman Inflation Rate
In Oman, the main components of the consumer price index are: Food, Beverages and Tobacco (30 percent of the total weight); Transport and Communication (22 percent) and Rent, Electricity, Water and Fuel (21 percent). Clothing, Textiles and Footwear account for 8 percent; Personal Care Items and Other Services for 6 percent and Furniture and Housing Materials for 5 percent. Others include: Educational Services (3 percent); Recreation and Entertainment (3 percent) and Medical Care (2 percent). The index has a base of 100 as of 2000.

Oman Prices Last Previous Highest Lowest Unit
Inflation Rate -0.22 -0.15 14.50 -0.55 percent [+]
Consumer Price Index CPI 106.20 106.30 106.70 69.80 points [+]
Producer Prices 125.60 123.00 158.25 88.70 points [+]
Producer Prices Change -5.40 -2.70 31.56 -31.70 percent [+]
Inflation Rate Mom -0.13 0.18 0.90 -0.59 percent [+]
Food Inflation 2.04 1.38 3.83 -3.00 percent [+]
CPI Housing Utilities 104.70 104.70 105.00 100.00 points [+]
CPI Transportation 112.90 113.90 116.80 98.90 points [+]