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FINANCIAL NEWS
Oman’s inflation climbs to 4.2% in September
01 Dec 2010
(MENAFN) Oman’s Ministry of National Economy reported that the Sultanate’s inflation rate during the month of September climbed to 4.2 percent, compared to 3.4 percent a month earlier in August, driven by a price increase in housing and food, to reach a 19-month high, Reuters reported.
According to official data, food, beverage and tobacco costs, which comprise more than a third of the index, rose 2.6 percent in September, from 1.2 percent in the previous month.
Data showed that furniture and housing costs rose 0.2 percent in September, as opposed to a 0.3 percent drop in August.
However, rents, which account for 15 percent of Oman’s consumer price basket, remained unchanged at 0.1 percent month-on-month in September.
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