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.