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.

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Oman Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 10:30 AM Apr 2.67% 3.59% 4.1%
2022-06-20 06:50 AM May 2.4% 2.67% 3.1%
2022-07-11 12:00 PM Jun 2.4% 2.3%


Related Last Previous Unit Reference
Inflation Rate 2.40 2.67 percent May 2022
CPI Transportation 118.70 117.10 points May 2022
Food Inflation 4.97 5.43 percent May 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
2.40 2.67 14.50 -1.57 2005 - 2022 percent Monthly
2012=100

News Stream
Oman Inflation Rate Hits 9-Month Low in May
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.
2022-06-20
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.
2022-03-21
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.
2022-03-03