Oman's Jan inflation rises to 1.05%

(MENAFN- Muscat Daily) Muscat- Annual inflation rate in Oman for January increased to 1.05 per cent compared with the same month of the previous year. January inflation recorded a 0.1 per cent increase compared with December 2017 rate, according to the consumer price index data released by the National Centre for Statistics and Information (NCSI).

The rise in January price index was due to increases in prices of major categories such as housing, water, electricity, gas and other fuels by 0.17 per cent. Prices of food and non-alcoholic beverages increased 1.3 per cent.

While transportation cost rose 2.53 per cent, the price index for furniture, household equipment and maintenance increased 1.99 per cent in January.

Education cost also increased by 4.9 per cent, miscellaneous goods and services by 0.62 per cent, healthcare by 1.88 per cent and tobacco products by 1.76 per cent.

Prices in restaurants and hotels category marginally decreased 0.01 per cent, clothing and footwear decreased by 0.06 per cent and communications by 0.15 per cent during January 2018 compared to the same month of the previous year.

The Governorate of North Batinah witnessed the highest increase in inflation at 1.59 per cent, followed by the governorates of North and South Sharqiah at 1.24 per cent.

While Muscat governorate recorded January inflation at 0.89 per cent, inflation in Dhofar governorate came at 0.93 per cent.
Governorate of Dakhiliyah recorded inflation at 0.75 per cent and the Governorate of Al Buraimi at 0.41 per cent in January.



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