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FOOD, ENERGY PRICES BITE

Oman inflation climbs to 1.5pc y/y in July

Muscat, September 9, 2013

Oman's consumer price growth accelerated to 1.5 per cent year-on-year in July from one per cent in the
previous month, data from the National Center for Statistics and Information showed on Sunday.
    
The prices of food, beverages and tobacco, which account for 30 per cent of the basket, jumped 3.1 per cent on an annual basis in July and 2.8 per cent from the previous month.
 
The rents and energy costs, which account for over 21 per cent of consumer expenses, rose 0.9 per cent year-on-year and 0.1 per cent month-on-month in July.
 
Analysts polled by Reuters in April expected average inflation of 3.2 per cent in 2013, up from 2.9 per cent in 2012.-Reuters



Tags: Oman | inflation |

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