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FINANCIAL NEWS
Oman inflation up 1.02 percent in October
23 Nov 2014
(MENAFN) Oman’s inflation rate registered an increase by 1.02 percent in October of this year when compared with the same period in 2013, while it increased by 0.12 percent when compared with September’s figure, QNA reported.
According to the National Centre for Statistics and Information (NCSI), inflation in food and non-alcoholic beverages sector rose by 1.04 percent, while housing, water, electricity, gas and other fuels grew by 0.24 percent and education costs recorded an increase of 4.51 percent.
Meanwhile, health costs increased by 5.0 percent, communications costs rose by 5.02 percent, furnishings, household equipment & routine household maintenance grew by 6.03 percent, and hotel and restaurant costs increased by 0.6 percent, while tobacco prices increased by 1.10 percent. However, a decline by 1.01 percent was registered in the costs of clothing and footwear.
In comparison with the figures of September 2014, inflation rate in October increased by 0.12 percent, which is mainly attributed to increase in housing, water, electricity, gas and other fuels by 0.02 percent, as well as cost of clothing and footwear which increased by 0.75 percent, and an in increase in the costs of furnishings, household equipment & routine household maintenance by 0.29 percent.
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