Muscat, The inflation rate in the Sultanate,
calculated in terms of consumer price index (CPI), rose marginally by
1.37 percent in June 2018, over the same period in 2017, according to
the date released by the National Centre for Statistics and Information
The marginal increase in inflation was mainly driven by a growth in
cost of major segments like transport that rose by 6.04 percent,
education that rose 4.90 percent and furnishing and household
equipment with a rise of 0.75 percent in June 2018, over the same
period of last year. However, food and non-alcoholic beverages group
showed a marginal fall in prices, shows NCSI data.
Among foods and non-alcoholic beverages group, a marked fall of
11.66 percent was witnessed in vegetables and fruits by 0.49 percent
and fruits by 3.37 percent.
However, prices of fish and seafood, non-alcoholic beverages and milk,
cheese and eggs rose by 10.27 percent, 1.65 percent and 1.37
percent, respectively, in June.
Compared to the previous month, the consumer prices index rose
only by 0.41 percent, mainly due to a stable trend in several products
as fuel prices moved up only marginally.
In addition, the average inflation rate between January and June of
2018 edged up by 0.73 percent, over the same period of last year.
The cost of education in the first six months of 2018 soared by 4.90
percent, transport by 2.86 percent, and furnishing and household
maintenance by 1.42 percent.
Source: Oman News Agency