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.