FINANCIAL NEWS

Oman’s inflation rises to 3.4% in August

10 Oct 2010

(MENAFN) Oman�s Ministry of National Economy said that the Sultanate’s inflation has edged up to 3.4 percent in August, mainly because of a marked increase in prices of vegetables, fruits and personal items, ONA reported.

Statistics from the ministry showed that food items and beverages, that are given 30 percent of the relative weight in the commodity basket, witnessed a 1.2 increase in prices due to the increase of the prices of vegetables by 10.3 percent, fruits by 3.7 percent, spices and salt by 2.6 percent.

On the other hand, fish and marine items prices declined by 1.7 percent, eggs by 0.4 percent, nuts by 0.2 percent and cereals and their products by 0.1 percent.

As for the other commodity groups, the price for the personal commodities and other services rose by 3.4 per cent due to the rise in gold price by 7.3 percent; readymade garments, textiles and shoes by 0.5 percent; and rent, electricity, water and fuel by 0.1 percent.

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