Oman's January inflation rises 0.23%

Business Saturday 16/February/2019 14:58 PM
By: Times News Service
Oman's January inflation rises 0.23%

Muscat: The inflation rate in the Sultanate, calculated in terms of the consumer price index (CPI), increased by 0.23 per cent in January 2019 compared to the same month in 2018, according to the latest data released by the National Centre for Statistics and information (NCSI) on the CPI. It also stated that the inflation rate fell by 0.41 per cent compared to December 2018.
The increase in inflation was driven by a rise in the cost of major segments, such as housing, water, electricity, gas, and other fuels by 0.52 per cent; food and non-alcoholic beverages by 0.76 per cent; restaurants and hotels by 0.27 per cent; education by 2.02 per cent; and furnishings, household equipment, and routine household maintenance by 4.09 per cent.
However, the prices of healthcare, clothing and footwear, transport, communication, and miscellaneous goods and services dropped by 4.71 per cent, 0.45 per cent, 0.46 per cent, 0.35 per cent, and 2.011 per cent, respectively, in January 2019 compared to the same month of the previous year.
Among the foods and non-alcoholic beverages group, a marked fall of 5.17 per cent was witnessed in fish and seafood products. The price of vegetables rose by 7.6 per cent and that of fruits by 1.39 per cent. Milk, cheese and eggs also witnessed a rise in price by 0.64 per cent.
The prices of non-alcoholic beverages also rose by 0.29 per cent in January 2019 against the same period of 2018.