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FINANCIAL NEWS
Oman’s inflation hits highest level in over 2 years
10 Jul 2011
(MENAFN) Rising food prices, a weak dollar, and increased government spending pushed Oman’s annual inflation level to 4.4 percent, the highest in over 2 years, in May, Oman Finance Ministry announced.
Consumer prices grew 0.4 percent during May compared to 0.3 percent in April. The increase was led by a 0.9 percent rise in food prices, which account for 30.4 percent of consumer spending, from April to May.
In addition to high global food prices, prices in Oman were affected by vendors’ response to a wage hike for all workers in response to protests.
Analysts expect inflation to increase further next month due to increased spending on food and resultantly higher prices during Ramadan.
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05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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