Inflation Rate in Oman decreased to 2.67 percent in April from 3.59 percent in March of 2022. source: National Center for Statistics & Information - Oman

Inflation Rate in Oman averaged 2.81 percent from 2005 until 2022, 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 May of 2022.

Inflation Rate in Oman is expected to be 4.60 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 2023, according to our econometric models.

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Oman Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-04-12 12:00 PM Mar 3.6% 4.02% 4.3%
2022-05-19 10:30 AM Apr 2.67% 3.59% 4.1%
2022-06-20 12:00 PM May 2.67%

Related Last Previous Unit Reference
Inflation Rate 2.67 3.59 percent Apr 2022
CPI Transportation 117.10 117.20 points Apr 2022
Food Inflation 5.01 5.21 percent Feb 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.67 3.59 14.50 -1.57 2005 - 2022 percent Monthly

News Stream
Oman Inflation Rate Slows in February
Annual inflation rate in Oman decreased to 4.02 percent in February from 4.35 percent in January of 2022 which was the highest since November 2011, and mainly due to a slowdown in prices of transport (8.9% vs 10.6%) and food (5% vs 5.2%). On a monthly basis, consumer prices decreased 0.46%, the biggest decrease since April of 2020.
Oman Inflation Rate at Over 10-Year High
Oman’s inflation rate rose to 4.35 percent in January of 2022, the highest since November 2011, compared to 3.77 percent in December. Main upward pressure came from prices of transport (9.16 percent vs 10.97 percent in December); food & non-alcoholic beverages (4.58 percent vs 3.15 percent), particularly, fish & seafood (19.12 percent) and vegetables (10.02 percent); and housing & utilities (1.52 percent vs 1.45 percent). On a monthly basis, consumer prices inched up 0.41 percent, after a 0.02 percent uptick in the prior month.
Oman Inflation Rate Highest Since 2012
Oman’s annual inflation rate rose to 3.77 percent in December of 2021, following a 3.56 percent rise in the previous month, the highest since February 2012. Main upward pressure came from prices of transport (10.97 percent), food & non-alcoholic beverages (3.15 percent), housing & utilities (1.45 percent), clothing (1.82 percent), and miscellaneous and services (3.34 percent). On a monthly basis, consumer prices inched up 0.02 percent, after a 0.12 percent rise in November.