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Oman’s inflation drops 0.15% in October
November 9, 2019 | 8:15 PM
by ONA
The inflation rate in the Sultanate, measured by movement in the average Consumer Price Index (CPI), fell by 0.15 per cent in October 2019 compared to the same month in 2018.
 
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Muscat: The inflation rate in the Sultanate, measured by movement in the average Consumer Price Index (CPI), fell by 0.15 per cent in October 2019 compared to the same month in 2018, according to the latest data released by the National Centre for Statistics and information (NCSI) on consumer prices’ index.

However, according to the report, the inflation rate in October rose by 0.18 per cent compared to September 2019. The food and non-alcoholic beverages group witnessed a price rise by 1.38 per cent, furnishings, household equipment, and routine household maintenance by 5.15 per cent; health by 0.97 per cent, restaurants and hotels by 0.69 per cent; education by 2.18 per cent; and recreation and culture by 0.04 per cent.

However, the prices of housing, water, electricity, gas, and other fuels fell by 0.3 per cent, transport by 2.48 per cent, communication by 0.3 per cent; and miscellaneous goods and services by 3.69 per cent in October 2019 compared to the same month of the previous year.

Among foods and non-alcoholic beverages group, a marked fall of 0.72 per cent was witnessed in meat. Meanwhile, the price of fish and seafood; milk, cheese and eggs; fruit; and vegetables rose by 0.74 per cent, 0.40 per cent, 0.47 per cent, and 2.08 per cent, respectively.



However, non-alcoholic beverages registered a price rise of 13.48 per cent, while those of clothing and footwear fell by 1.95 per cent in October 2019 against the same period of 2018.



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