Oman's inflation falls 1.40% in July

Business Monday 17/August/2020 15:55 PM
By: Times News Service
Oman's inflation falls 1.40% in July

Muscat: The Sultanate's Consumer Price Index (CPI)-based inflation declined by 1.40 per cent in July 2020 compared to the same month of 2019, according to the latest data released by the National Centre for Statistics and Information (NCSI) on CPI.
According to the report, the inflation rate in July fell by 0.20 per cent compared to June 2020.
The food and non-alcoholic beverages group witnessed a price rise by 0.61 per cent; health by 0.29 per cent; and education by 2.21 per cent.
However, the prices of furnishings, household equipment, and routine household maintenance fell by 0.36 per cent; housing, water, electricity, gas, and other fuels fell by 0.42 per cent; communication by 0.06 per cent; miscellaneous goods and services by 1.06 per cent; and restaurants and hotels by 0.12 per cent in July 2020 compared to the same month of 2019.
Meanwhile, among foods and non-alcoholic beverages category, a marked rise was witnessed in the price of fruit; vegetables; bread and cereals; and meat by 1.84 per cent; 4.21 per cent; 0.36 per cent; and 1.07 per cent, respectively. However, the price of fish and seafood and milk, cheese and eggs fell by 3.92 per cent and 0.43 per cent, respectively. Non-alcoholic beverages registered a price rise of 0.28 per cent, while those of clothing and footwear fell by 0.72 per cent in July 2020 against the same period of 2019.