Oman’s annual inflation rate eased to a ninth-month low of 2.40% in May of 2022, from 2.67% in the previous month. Prices slowed mostly for food & non-alcoholic beverages (4.97% vs 5.43% in April); housing & utilities (0.66% vs 2%); clothing & footwear (0.42% vs 1.05%) and miscellaneous goods & services (1.51% vs 2.15%). However, costs rose faster for transport (3.54% vs 2.42%); recreation & culture (1.50% vs 1.40%) and furnishings (0.67% vs 0.27%). On a monthly basis, consumer prices were down 0.02%, after increasing 0.60% in the previous month. 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 July of 2022.
Inflation Rate in Oman is expected to be 2.60 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.