BUSINESS

Oman’s inflation rises by 3.35% in October

Muscat: The inflation rate in the Sultanate of Oman rose by 3.35 per cent in October 2021 compared to October 2020. The inflation rate also went up by 0.75 per cent compared to September 2021, according to the latest data from the National Centre for Statistics and Information (NCSI).

The rise of prices in October 2021 compared to the same month in 2020 is attributed to the surge of prices in main groups, such as the transportation group by 9.58 per cent, education by 5.10 per cent, food and non-alcoholic beverages by 3.42 per cent, miscellaneous goods and services by 3.24 per cent, tobacco by 2.98 per cent, recreation and culture by 2.64 per cent, furniture, household equipment and routine household maintenance by 1.37 per cent, housing, water, electricity, gas and other fuels group by 1.01 per cent, restaurants and hotels by 0.70 per cent, clothing and footwear by 0.37 per cent and health by 0.06 per cent.

On the other hand, prices of the communication group went down by 0.07 per cent.
According to the NCSI, prices soared during October 2021 compared to the same period in 2020 in the fish and seafood group by 14.82 per cent, vegetables by 7.62 per cent, fruits by 2.87 per cent, oils and fats by 2.39 per cent, bread and cereals by 2.04 per cent, non-alcoholic beverages by 1.70 per cent, sugar, jam, honey and sweets by 1.68 per cent, meat by 1.50 per cent, other foodstuffs by 1.45 per cent, milk, cheese and eggs by 0.42 per cent.

The Consumer Price Index (CPI) increased by 0.75 per cent compared to September 2021. A surge was recorded in the prices of education by 5.10 per cent, food and non-alcoholic beverages by 1.43 per cent, transportation by 0.83 per cent, recreation and culture by 0.58 per cent, housing, water, electricity, gas and other fuels group by 0.56 per cent, miscellaneous goods and services by 0.20 per cent, furniture, household equipment and routine household maintenance by 0.07 per cent and clothing and footwear by 0.06 per cent.

Meanwhile, the prices of restaurants and hotels fell by 0.21 per cent. Meanwhile, the prices of tobacco, health and communication remained unchanged.

At the level of governorates, the CPI recorded a rise in October 2021 compared to the same month in 2020. The Governorate of North Al Batinah recorded an increase in inflation by 4.03 per cent, the Governorate of Al Dakhiliyah by 3.83 per cent, the Governorate of Dhofar by 3.59 per cent, the Governorates of North and South Al Sharqiyah by 3.58 per cent, the Governorate of A’Dhahirah by 3.33 per cent, the Governorate of Al Buraimi by 3.14 per cent and the Governorate of Muscat by 2.77 per cent.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please disable the adblocker to see the content.