Consumer prices in Oman decreased by 1.57 percent year-on-year in January of 2021, following a 1.42 percent fall in December and marking the eleventh consecutive month of deflation. Main downward pressure came from transport (-6.87 percent vs -6.42 percent in December); food & non-alcoholic beverages (-0.75 percent vs -0.07 percent); clothing & footwear (-0.72 percent vs -0.61 percent); restaurants & hotels (-0.36 percent vs -0.22 percent); furnishings (-0.11 percent vs 0.13 percent) and communications (-0.04 percent, the same as in the prior month). On the other hand, prices kept increasing for miscellaneous goods & services (1.27 percent vs 1.14 percent); recreation & culture (0.67 percent vs 0.54 percent), education (0.08 percent, the same as in the prior month) and for housing & utilities (0.05 percent, the same as in the prior month). On a monthly basis, consumer prices edge up by 0.01 percent, after a 0.18 percent drop in the previous month. source: National Center for Statistics & Information - Oman

Inflation Rate in Oman averaged 2.85 percent from 2005 until 2021, reaching an all time high of 14.50 percent in June of 2008 and a record low of -1.57 percent in January of 2021. 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 March of 2021.

Inflation Rate in Oman is expected to be 0.50 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 2.00 in 12 months time. In the long-term, the Oman Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Oman Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.57 -1.42 14.50 -1.57 2005 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-15 02:00 PM Oct -1.51% -1.22% -1.6%
2020-12-13 07:00 AM Nov -1.46% -1.51% -1.4%
2021-01-11 07:30 AM Dec -1.42% -1.46% -1.3%
2021-02-16 04:20 PM Jan -1.57% -1.42% -1.1%
2021-03-11 09:00 AM Feb -1.57% -0.9%
2021-04-06 09:00 AM Mar -0.1%
2021-05-12 09:00 AM Apr
2021-06-10 09:00 AM May


News Stream
Oman Consumer Prices Fall 1.57% in January
Consumer prices in Oman decreased by 1.57 percent year-on-year in January of 2021, following a 1.42 percent fall in December and marking the eleventh consecutive month of deflation. Main downward pressure came from transport (-6.87 percent vs -6.42 percent in December); food & non-alcoholic beverages (-0.75 percent vs -0.1 percent); clothing & footwear (-0.72 percent vs -0.61 percent); restaurants & hotels (-0.36 percent vs -0.22 percent); furnishings (-0.11 percent vs 0.13 percent) and communications (-0.04 percent, the same as in the prior month). On the other hand, prices kept increasing for miscellaneous goods & services (1.27 percent vs 1.14 percent); recreation & culture (0.67 percent vs 0.54 percent), education (0.08 percent, the same as in the prior month) and for housing & utilities (0.05 percent, the same as in the prior month). On a monthly basis, consumer prices edge up by 0.01 percent, after a 0.18 percent drop in the previous month.
2021-02-16
Oman Consumer Prices Fall for 10th Month
Consumer prices in Oman decreased by 1.42 percent year-on-year in December of 2020, following a 1.46 percent fall in November, the tenth consecutive month of deflation. Main downward pressure came from transport (-6.42 percent); housing & utilities (-0.42 percent); restaurants & hotels (-0.22 percent); food & non-alcoholic beverages (-0.07 percent) and communications (-0.04 percent). On the other hand, costs increased for miscellaneous goods and services (1.14 percent); recreation and culture (0.54 percent), furnishings (0.13 percent), education (0.08 percent) and health (0.02 percent). On a monthly basis, consumer prices were down by 0.18 percent, after a 0.09 percent drop in the previous month.
2021-01-11
Oman Consumer Prices Fall for 9th Month
Consumer prices in Oman decreased by 1.46 percent year-on-year in November of 2020, following a 1.51 percent fall in October, the ninth consecutive month of deflation. Main downward pressure came from prices of food & non-alcoholic beverages (-0.78 percent vs 0.32 percent in October), of which the cost of fish and seafood (-14.8 percent); transport (-5.88 percent vs -7.02 percent); housing & utilities (-0.42 percent, the same pace as in October); furnishings (-0.25 percent vs -0.29 percent) and clothing & footwear (-0.13 percent vs -0.30 percent). On a monthly basis, consumer prices went down by 0.09 percent, after decreasing 0.11 percent in the previous month.
2020-12-13
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 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.