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FINANCIAL NEWS
Oman inflation at 1.8 percent in H1
22 Aug 2013
(MENAFN) Inflation in Oman in the first half was at an average of 1.8 percent versus an average of 4 percent estimated for 2013, Time of Oman reported.
lower global commodity prices, especially agricultural products, caused the minor increase in prices. The inflation rate in the Sultanate is primarily affected by the prices in the countries from which products are imported.
Food, beverage and tobacco prices increased by 2 percent in June due to an increase of 8.8 percent and 3.4 percent in vegetable and fruit prices respectively.
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