Oman producer prices up 19.7 per cent in second quarter, says NCSI

Energy Sunday 27/August/2017 17:11 PM
By: Times News Service
Oman producer prices up 19.7 per cent in second quarter, says NCSI

Muscat: Oman's Producer Price Index rose by 19.7 per cent by the end of the second quarter of this year compared to the same period of 2016.
Prices of oil and gas products led to an increase of 25.6 per cent, while non-oil products recorded a decline of 0.3 per cent, according to the data published by the National Centre for Statistics and Information (NCSI).
The rise in oil and gas products price was attributed to the rise in the prices of crude oil and natural gas products by 27.7 per cent, while the prices of refined oil products increased by 13.5 per cent.
In non-oil products, mining, electricity and water prices fell by 4.9 per cent.
In contrast, the prices of the manufacturing group increased by 1.3 per cent, where prices of most of its subgroups rose by varying percentages.
Other products in transportable goods rose by 2.4 per cent, and food products, beverages and textiles by 0.8 per cent.
In contrast, producer prices of metal products, machinery and equipment fell by 0.5 per cent.
Prices of dairy products, fish products, fruits, vegetables and oils rose by 5.4 per cent and 5.6 per cent respectively, while the prices of bakery products rose by 0.1 per cent, and garments, textiles and footwear by 0.5 per cent.
The prices of products of gases, acids and polypropylene products rose by 10.5 per cent, compared to the decline of prices of dyes and pharmaceuticals by 3.6 per cent and rubber and plastic products by 1 per cent, the data showed.