Inflation Rate in Oman decreased to 1.25 percent in June from 1.65 percent in May of 2021. source: National Center for Statistics & Information - Oman

Inflation Rate in Oman averaged 2.79 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 August of 2021.

Inflation Rate in Oman is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
1.25 1.65 14.50 -1.57 2005 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-12 06:00 AM Mar -0.37% -1.37% -1.2%
2021-05-24 09:50 AM Apr 1.59% -0.37% 0.3%
2021-06-20 10:40 AM May 1.65% 1.59% 0.3%
2021-07-25 09:00 PM Jun 1.25% 1.65% 1.8%
2021-08-11 11:00 AM Jul 1.25% 1.2%
2021-09-13 09:00 AM Aug
2021-10-14 09:00 AM Sep
2021-11-15 09:00 AM Oct


News Stream
Oman Inflation Rate at Over 3-Year High
Consumer prices in Oman rose by 1.59 percent year-on-year in April of 2021, after a 0.37 percent fall in the previous month. It was the first monthly increase in consumer prices since March of 2020. On a monthly basis, consumer prices were up 1.47 percent, the highest recorded since February 2012.
2021-05-24
Oman Consumer Prices Fall for 13th Month
Consumer prices in Oman fell 0.37 percent year-on-year in March of 2021, following a 1.37 percent decline in the previous month. It was the 13th straight monthly decrease in consumer prices although the slowest since March of last year. On a monthly basis, consumer prices were up 0.5 percent, the steepest rise since July of 2019.
2021-04-12
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 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.