Sultanate’s inflation rate rises by 0.7% in June 2024: NCSI

Muscat: The inflation rate in the Sultanate of Oman increased in June 2024 by 0.7% compared to the same month in 2023, according to the data of standard consumer prices, issued by the National Centre for Statistics and Information (NCSI).

The NCSI data showed an increase in the price of the groups of food items and non-alcoholic beverages by 3.8% , goods and services by 3.3%, health by 2.4%, culture and entertainment by 0.5%, restaurants and hotels by 0.4% , tobacco by 0.2% and garments and shoes by 0.1%.

The prices of the groups of transport decreased by 2%, education by 0.4%, furniture, home supplies and appliances and regular maintenance works of houses by 0.2%, communication by 0.1% with stable prices of the groups of housing, water , electricity gas and other fuels.

In the groups of non-alcoholic items, the prices of vegetables increased by 13.3%, fruits by 7.3%, milk, cheese and egg by 4.1 % , fish and sea food by 3.4 % , meat by 2 % , sugar, jam, honey and sweet by 2% and bread and cereals by 0.5%.

The inflation rate by June 2024 increased by `1.8 % in Al Wusta Governorate compared to the corresponding period in 2023. The rate increased by 1.6% in Musandam Governorate and by 1.5% in North Al Sharqiyah Governorate. The rate increased by 1.4 % in both South Al Sharqiyah Governorate and Dhofar

Governorate.

The rate also increased by 1.2 % in North Al Batinah Governorate, by 0.9 % in South Al Batinah Governorate and by 0.8% in Al Buraimi Governorate, by 0.7% in Al Dakhiliyah Governorate and by 0.4% in Muscat Governorate during the same period. -ONA