In­fla­tion rate in Sul­tanate up by 0.75% in De­cem­ber 2018

Times of Oman - - MARKE -

MUS­CAT: The con­sumer price in­dex (CPI) in­di­cated that the in­fla­tion rate in the Sul­tanate in­creased by 0.75 per cent in De­cem­ber 2018 com­pared to the cor­re­spond­ing month in 2017, ac­cord­ing to the lat­est sta­tis­tics pub­lished by the Na­tional Cen­tre for Sta­tis­tics and In­for­ma­tion (NCSI). It also pointed out that the in­fla­tion rate de­creased by 0.29 per cent com­pared to Novem­ber 2018.

The in­crease in the price in­dex in De­cem­ber 2018 com­pared to De­cem­ber 2017 is at­trib­uted to the in­crease in key groups, such as the hous­ing, wa­ter, elec­tric­ity, gas and other fu­els group by 0.59 per cent; trans­port group by 3.43 per cent; ho­tels and res­tau­rants group by 0.48 per cent; com­modi­ties and mis­cel­la­neous ser­vices group by 1.42 per cent; ed­u­ca­tion group by 2.02 per cent; cul­ture and en­ter­tain­ment group by 0.09 per cent.

The an­nual in­fla­tion rate for 2018 reg­is­tered an in­crease by 0.88 per cent com­pared to the an­nual in­fla­tion rate in 2017.

While the food­stuff and non­al­co­holic drinks group de­creased by 0.48 per cent, the gar­ments and shoes group de­creased by 0.56 per cent; com­mu­ni­ca­tions group de­creased by 0.32 per cent; fur­ni­ture, ac­ces­sories, home ap­pli­ances, do­mes­tic main­te­nance group fell by 0.73 per cent; health group dropped by 3.53 per cent; and tobacco group de­clined by 0.15 per cent.

At the gov­er­norate level, Dho­far wit­nessed the high­est in­crease in the in­fla­tion rate by 1.52 per cent, fol­lowed by North Al Bati­nah by 1.5 per cent, A’Dakhiliyah by 0.95 per cent, Mus­cat by 0.41 per cent, North A’Shar­qiyah and South A’Shar­qiyah by 0.31 per cent. The in­fla­tion rate de­clined by 0.07 per cent in A’Dhahi­rah and 0.38 per cent in Al Bu­raimi.

Com­pared to Novem­ber 2018, the con­sumer price in­dex de­creased by 0.29 per cent. The trans­port group fell by 1.33 per cent; clothes and shoes group by 0.59 per cent; ho­tels, res­tau­rants, cul­ture and re­cre­ation group by 0.02 per cent; com­mu­ni­ca­tions by 0.04 per cent; fur­ni­ture, home ap­pli­ances and do­mes­tic main­te­nance by 0.05 per cent.

On the other hand, the hous­ing, wa­ter, elec­tric­ity, gas and other fu­els group in­creased by 0.03 per cent; food­stuffs and non-al­co­holic group by 0.07 per cent; com­modi­ties and mis­cel­la­neous ser­vices group by 0.13 per cent. The in­fla­tion rate for the ed­u­ca­tion, health and other groups sta­bilised.

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