Oman Inflation Accelerates in July

Oman's annual inflation rose to 3.2% in July 2026, up from 2.8% in the prior month. Food inflation rose to 7.3% from 6.1%, while transport inflation increased to 6.5% from 5.5%. Prices also rose faster for recreation and culture (0.4% vs 0.3%). Meanwhile, inflation remained elevated for furnishings (3.1%) and education (2.2%), while housing and utilities costs continued to decline, falling 0.6%. In contrast, inflation eased for restaurants and hotels (3.6% vs 4.6%) and health (1.7% vs 1.8%). On a monthly basis, consumer prices increased 0.7%, rebounding from a 0.6% decline in June.

Oman's annual inflation rate eased to 2.8% in June 2026, the lowest level in four months, down from 3.8% in May. The slowdown was primarily driven by a further decline in housing and utility costs (-0.6% vs. -0.3% in May), alongside slower price growth for food and non-alcoholic beverages (6.1% vs 6.7%), transport (5.5% vs 9.2%) and recreation and culture (0.3% vs 0.4%). Meanwhile, inflation stood for furnishings (3.1%), restaurants and hotels (4.6%), education (2.2%) and health (1.8%). On a monthly basis, consumer prices fell 0.6% in June, marking the first decline in six months and reversing a 0.5% increase recorded in the previous month.

The annual inflation rate in Oman rose to 3.8% in May 2026 from 3.2% in the previous month. This marked the highest reading since February 2022, as faster price increases were recorded in food and non-alcoholic beverages (6.7% vs 6.3% in April), transport (9.2% vs 6.0%), miscellaneous goods and services (9.6% vs 9.1%), furnishings, household equipment and routine household maintenance (3.1% vs 3.0%), restaurants and hotels (4.6% vs 4.5%), and recreation and culture (0.4% vs 0.2%). At the same time, costs remained steady for education (2.2%) and health (1.8%), while prices for alcoholic beverages and tobacco, clothing and footwear, and communication remained unchanged. Meanwhile, housing and utility costs declined (-0.3% vs 0.1%). On a monthly basis, consumer prices increased by 0.5% from 0.1% in April.