Consumer prices in Oman decreased by 0.73% year-on-year in June of 2020, following a 0.96 percent fall in the previous month. This marked the fourth straight month of deflation but at a softer pace. Main downward pressure came from prices of transport (-6.95% vs -7.95% in May); furnishings (-0.31% vs -0.35%); housing & utilities (-0.52%, the same pace as in May); clothing & footwear (-1.13% vs -1.46%) and miscellaneous goods & services (-1.62% vs -1.34%). Meanwhile, inflation edged higher for food & non-alcoholic beverages (3.39% vs 3.33%), of which vegetables (10.55%). On a monthly basis, consumer prices increased 0.42%, after rising 0.18% in the prior month.

Inflation Rate in Oman averaged 3.02 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -0.97 percent in April 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 August 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 1.60 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
-0.73 -0.96 14.50 -0.97 2005 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-06 07:00 AM Mar -0.29% 0.18% -0.1%
2020-05-12 10:30 AM Apr -0.97% -0.29% -0.7%
2020-06-10 04:00 PM May -0.96% -0.97% -1.2%
2020-07-08 01:30 PM Jun -0.73% -0.96% -1.8%
2020-08-10 09:00 AM Jul -0.73% -0.4%
2020-09-15 09:00 AM Aug
2020-10-21 09:00 AM Sep 1.5%
2020-11-19 09:00 AM Oct


News Stream
Oman Consumer Prices Fall for 4th Month
Consumer prices in Oman decreased by 0.73% year-on-year in June of 2020, following a 0.96 percent fall in the previous month. This marked the fourth straight month of deflation but at a softer pace. Main downward pressure came from prices of transport (-6.95% vs -7.95% in May); furnishings (-0.31% vs -0.35%); housing & utilities (-0.52%, the same pace as in May); clothing & footwear (-1.13% vs -1.46%) and miscellaneous goods & services (-1.62% vs -1.34%). Meanwhile, inflation edged higher for food & non-alcoholic beverages (3.39% vs 3.33%), of which vegetables (10.55%). On a monthly basis, consumer prices increased 0.42%, after rising 0.18% in the prior month.
2020-07-08
Oman Posts Consumer Price Deflation for 2nd Month
Consumer prices in Oman declined by 0.97 percent year-on-year in April of 2020, following a 0.29 percent fall in the previous month. This marked the second consecutive month of deflation and at the steepest pace since at least November of 2005. Main downward pressure came from prices of transport (-6.5 percent vs -1.6 percent); recreation & culture (-0.6 percent, after being flat in March); housing & utilities (-0.5 percent vs -0.6 percent); furnishings (-0.2 percent vs -0.1 percent) and communication (-0.1 percent vs -0.3 percent). In contrast, inflation edged higher mostly for food & non-alcoholic beverages (2.1 percent vs 1.3 percent). On a monthly basis, consumer prices were down by 0.48 percent compared to a 0.51 percent fall in the prior month.
2020-05-12
Oman Consumer Prices Fall 0.29% YoY in March
Consumer prices in Oman decreased by 0.29 percent year-on-year in March of 2020, following a 018 percent rise in the prior month, as prices fell mostly for housing & utilities (-0.6 percent vs -0.3 percent) and furnishings (-0.1 percent vs 5.4 percent). Conversely, prices rose faster for food & non-alcoholic beverages (1.3 percent vs 1.2 percent); health (1 percent vs 0.2 percent) and restaurants & hotels (1 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.51 percent, after falling 0.34 percent in the prior month.
2020-04-06
Oman Inflation Rate at 3-Month High
The annual inflation rate in Oman increased 0.3 percent year-on-year in July of 2019, from a flat reading in the previous month. It was the highest inflation rate since April, as cost rebounded for food & non-alcoholic beverages (1.2 percent vs -0.2 percent in June) and health (0.2 percent vs -0.5 percent) while prices advanced faster for furniture & household equipment (5.4 percent vs 4.9 percent) and restaurants & hotels (0.8 percent from a flat reading). On the other hand, cost declined for transport (-0.4 percent from a flat reading) and housing & utilities (-0.3 percent vs -0.2 percent). On a monthly basis, consumer prices increased 0.5 percent, following a 0.2 percent rise in the prior month.
2019-08-26

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.