Oman's annual inflation rate edged down to 2.08 percent in August of 2021 from 2.19 percent in the previous month, due to a slowdown in prices of transport (7.10 percent vs 7.80 percent in July), miscellaneous goods & services (3.38 percent vs 3.73 percent), furnishing and household equipment (1.30 percent vs 1.32 percent), while housing, water, electricity, gas and other fuels inflation was steady (at 0.10 percent). Meantime, prices continued to increase for food & non-alcoholic beverages (1.39 percent vs 1.18 percent); recreation & culture (2.07 percent vs 1.98 percent) and restaurants & hotels (0.86 percent vs 0.46 percent). On a monthly basis, consumer prices inched up 0.02 percent, following a 0.75 percent rise in the previous month. 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 October 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.