Consumer prices in Oman decreased by 1.51 percent year-on-year in October of 2020, following a 1.22 percent fall in September, the eighth consecutive month of deflation. Main downward pressure came from prices of transport (-7.02 percent vs -5.67 percent in September); housing & utilities (-0.42 percent, the same pace as in September); clothing & footwear (-0.30 percent vs -0.56 percent) and furnishings (-0.29 percent vs -0.31 percent). Meantime, costs went up mostly for food & non-alcoholic beverages (0.32 percent vs 0.40 percent) and recreation & culture (0.51 percent vs 0.20 percent). On a monthly basis, consumer prices were down by 0.11 percent, after decreasing 0.43 percent in the previous month. source: National Center for Statistics & Information - Oman

Inflation Rate in Oman averaged 2.92 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -1.51 percent in October of 2020. This page provides - Oman Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Inflation Rate in Oman is expected to be -1.50 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 2.50 in 12 months time. In the long-term, the Oman Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Oman Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.51 -1.22 14.50 -1.51 2005 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-17 09:20 AM Jul -1.40% -0.73% -0.4%
2020-09-13 04:00 AM Aug -1.34% -1.40% -1.4%
2020-10-14 11:20 AM Sep -1.22% -1.34% -0.8%
2020-11-15 02:00 PM Oct -1.51% -1.22% -1.6%
2020-12-19 09:00 AM Nov -1.51% -1.4%
2021-01-21 03:00 PM Dec
2021-02-16 09:00 AM Jan
2021-03-05 07:50 AM Feb


News Stream
Oman Consumer Prices Fall for 8th Month
Consumer prices in Oman decreased by 1.51 percent year-on-year in October of 2020, following a 1.22 percent fall in September, the eighth consecutive month of deflation. Main downward pressure came from prices of transport (-7.02 percent vs -5.67 percent in September); housing & utilities (-0.42 percent, the same pace as in September); clothing & footwear (-0.30 percent vs -0.56 percent) and furnishings (-0.29 percent vs -0.31 percent). Meantime, costs went up mostly for food & non-alcoholic beverages (0.32 percent vs 0.40 percent) and recreation & culture (0.51 percent vs 0.20 percent). On a monthly basis, consumer prices were down by 0.11 percent, after decreasing 0.43 percent in the previous month.
2020-11-15
Oman Consumer Prices Fall for 7th Month
Consumer prices in Oman were down 1.22 percent in September of 2020, following a 1.34 percent fall in the previous month, the seventh straight month of deflation. Main downward pressure came from prices of housing & utilities (-0.42 percent, the same pace as in August); miscellaneous goods & services (-1.14 percent vs -1 percent) and furnishings (-0.31 percent vs 0.23 percent). Meanwhile, food cost advanced 0.42 percent, the same pace as in the prior month. On a monthly basis, consumer prices decreased 0.43 percent, after rising 0.13 percent in the prior month.
2020-10-14
Oman Consumer Prices Fall for 6th Month
Consumer prices in Oman decreased 1.34 percent year-on-year in August of 2020, the sixth straight month of deflation. Main downward pressure came from prices of housing & utilities (-0.42 percent, the same pace as in July); miscellaneous goods & services (-1 percent vs -1.1 percent) and restaurants & hotels (-0.32 percent vs -0.12 percent). Also, inflation slowed for food & non-alcoholic beverages (0.40 percent vs 0.62 percent). On a monthly basis, consumer prices went up 0.13 percent, after falling 0.20 percent in the prior month.
2020-09-14
Oman Consumer Prices Fall for 5th Month
Consumer prices in Oman went down 1.4% year-on-year in July of 2020, the most since at least 2005, following a 0.73% decrease in the previous month. This marked the fifth consecutive month of deflation as cost declined for: housing & utilities (-0.42% vs -0.52% in June); furnishings (-0.36% vs -0.1%), miscellaneous goods & services (-1.06% vs -1.62%) and restaurants & hotels (-0.12% vs -0.88%). In addition, inflation softened for food & non-alcoholic bevaregs (0.61% vs 3.39%) and health (0.29% vs 0.98%).On a monthly basis, consumer prices fell 0.20%, after rising 0.42% in the preceding month.
2020-08-17

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.