Oman Inflation Accelerates to Three-Month High

2026-09-10 09:57 By Joana Ferreira 1 min. read

Oman’s annual inflation rate rose to 3.4% in August 2026, up from 3.2% in July and reaching its highest level since May.

The acceleration was driven primarily by a sharp increase in transport prices, which climbed 8.5% year-on-year, compared with 6.5% in July, as fuel costs rose amid higher crude prices and escalating US-Iran tensions.

Additional upward pressure came from miscellaneous goods and services, where inflation accelerated to 6.1% from 5.3%.

Meanwhile, food inflation eased slightly to 7.0% from 7.3% but remained elevated.

Price growth was unchanged for restaurants and hotels at 3.6%, as well as for furnishings, household equipment and routine household maintenance at 3.1%.

By contrast, housing and utilities prices fell for a second consecutive month, declining 0.6%.

On a monthly basis, consumer prices decreased 0.3% in August, following a 0.7% increase in July.



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Oman Inflation Accelerates to Three-Month High
Oman’s annual inflation rate rose to 3.4% in August 2026, up from 3.2% in July and reaching its highest level since May. The acceleration was driven primarily by a sharp increase in transport prices, which climbed 8.5% year-on-year, compared with 6.5% in July, as fuel costs rose amid higher crude prices and escalating US-Iran tensions. Additional upward pressure came from miscellaneous goods and services, where inflation accelerated to 6.1% from 5.3%. Meanwhile, food inflation eased slightly to 7.0% from 7.3% but remained elevated. Price growth was unchanged for restaurants and hotels at 3.6%, as well as for furnishings, household equipment and routine household maintenance at 3.1%. By contrast, housing and utilities prices fell for a second consecutive month, declining 0.6%. On a monthly basis, consumer prices decreased 0.3% in August, following a 0.7% increase in July.
2026-09-10
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.
2026-08-13
Oman Annual Inflation Slows 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.
2026-07-15