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Inflation in Oman stands at .63 per cent.

Muscat: A newly released Consumer Price Index report reveals the annual rate of inflation stood at 0.63 per cent in July 2014, while on a month by month basis, the rate increased by 0.25 per cent when compared to the previous month of June 2014. The inflation report issued by the National Centre for Statistics and Information (NCSI) details price rises for housing and utility (water, electricity, gas and other types of fuel) which increased by 1.39 per cent over the 12-month period through to July 2014, whereas the rise in case of other commodities and services over the same period stood at 6.27 per cent for education, 5.72 per cent for healthcare, 0.12 per cent for communications, 7.28 per cent for furniture, household items and regular maintenance, 0.88 per cent for restaurants and hotels, 0.34 per cent for tobacco, 0.41 per cent for culture and leisure, and 0.05 per cent for miscellaneous goods and services. During the same 12 month period to June 2014, price decreases were recorded for food and non-alcoholic beverages (which account for 23.9 of total expenditure) which decreased by .03 per cent, while prices for clothes and footwear fell by .07 per cent and transportation costs by 1.17 per cent. Comparision Meanwhile, when compared on a month by month basis, overall prices rose by 0.25 per cent in July 2014 as a result of 0.86 per cent monthly rise in prices of food and non-alcoholic beverages. Additionally, housing and utility costs (water, electricity, gas and other types of fuel) rose by 0.24 per cent, while furniture, household items and regular maintenance, as well as restaurants and hotels both recorded an increase of 0.07 per cent. Prices of healthcare also showed a slight increase on a monthly basis of 0.01 per cent, while 0.04 per cent was the recorded rise in the prices of other miscellaneous goods and services.

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Publication:Times of Oman (Muscat, Oman)
Date:Sep 7, 2014
Words:346
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