FINANCIAL NEWS

Oman inflation rate decreases 0.14 percent in April

11 May 2015

(MENAFN) Oman’s inflation rate or Consumer Price Index (CPI) decreased by 0.14 percent in April and averaged 0.41 percent for the first four months of the year, Muscat Daily reported.

The sectors and merchandise that contributed to the fall are foodstuff and non-alcoholic beverages by 1.21 percent, clothing and footwear by 1.29 percent and household appliances, furnishing and maintenance by 0.06 percent.

In addition, fish and seafood prices declined by 12.56 percent. However, other sectors and merchandise witnessed an increase in prices like vegetables and meat, which increased by 0.20 percent and 0.14 percent correspondingly.

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