Oman’s in­fla­tion rises to 1.1% in Novem­ber

Muscat Daily - - BUSINESS -

Oman’s an­nual in­fla­tion, which is based on con­sumer price in­dex (CPI), in­creased to 1.11 per cent in Novem­ber com­pared to the same month of 2017, ac­cord­ing to the lat­est statis­tics re­leased by the Na­tional Cen­tre for Statis­tics and In­for­ma­tion (NSCI).

How­ever, in­fla­tion rate in Novem­ber slightly de­creased by 0.06 per cent com­pared with the in­fla­tion rate in the pre­vi­ous month.

The in­crease in an­nual in­fla­tion in Novem­ber was driven mainly by higher costs of trans­porta­tion, fu­els and ed­u­ca­tion seg­ments com­pared to a year ago. Prices in trans­port cat­e­gory jumped by 5.58 per cent in Novem­ber on year-on-year ba­sis, while prices in hous­ing, wa­ter, elec­tric­ity, gas and other fuel cat­e­gories in­creased 0.57 per cent. Mis­cel­la­neous goods and ser­vices cat­e­gory recorded a 1.32 per cent rise in prices, while restau- rants and ho­tels seg­ment saw a 0.34 per cent growth in price in­dex.

Prices for food and non-al­co­holic bev­er­ages group dropped by 0.83 per cent year-on-year in Novem­ber. Among food and non-al­co­holic bev­er­ages group, a marked de­cline of 3.7 per cent was wit­nessed in veg­eta­bles while price of fruit de­clined by 3.77 per cent in Novem­ber 2018 com­pared to the same month of 2017. Prices of fish and seafood prod­ucts also fell 4.15 per cent on year-on-year ba­sis.

In­fla­tion in house­hold fur­ni­ture, equip­ment and house­hold main­te­nance cat­e­gory fell 0.77 per cent, while health­care seg­ment recorded a sharp 3.53 per cent de­cline in Novem­ber com­pared to the same month a year ago. Prices of to­bacco prod­ucts re­mained 0.11 per cent lower in Novem­ber com­pared to the same month of last year.

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