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FINANCIAL NEWS
Oman inflation hovers below 4%
22 Mar 2012
(MENAFN) Omani Finance Minister Darwish Al-Balushi said that the sultanate’s consumer prices slowed to below a 4 percent target, Reuters reported.
Al-Balushi said the government is not concerned about the inflation level but still monitoring it.
Oman’s inflation gradually decelerated last year to 3.3 percent in December from a peak of 5.3 percent seen in August.
In January, Central Bank Executive President Hamood Sangour Al-Zadjali said he expected inflation to be around 4 percent this year, the same as the 2011 average.
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