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FINANCIAL NEWS
Producer price inflation in Oman drops by 17.1pct
11 Dec 2016
(MENAFN) Oman’s producer price inflation dropped by 17.1 percent in Q3 of this year compared with the same period of 2015, on the back of 19.7pct drop in oil and gas products.
Accordingly, crude oil and natural gas prices declined at 22.4 percent, whereas refined oil products recorded a price rise of 1.9 percent amid the period.
Meanwhile, non-oil products witnessed a fall of 6.1 percent amid the quarter compared with figures for the same quarter in 2015.
However, PPI inflation in the cited quarter was up 3.2 percent compared with the last quarter, driven by a 4.6 percent increase in prices of oil and gas products.
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