Times of Oman | News :: Oman’s inflation lowest in the GCC

Times of Oman | News :: Oman’s inflation lowest in the GCC:

"The Sultanate's inflation rate touched 0.5 per cent in November, slightly up from the October figure of 0.3 per cent. However, this is much lower than the level of inflation at 2.7 per cent for November 2012, according to the monthly statistics released by the National Centre for Statistics and Information (NCSI).

Food prices witnessed a rise of 2.9 per cent from October to November 2013. For the same period, educational services increased by 9.9 per cent, and housing rental, electricity, water and fuel rose by 1.2 per cent. Transport and communications also rose by 0.5 per cent, and clothing and textiles, and footwear prices rose by 1.3 per cent. Furniture prices and household items rose by 0.8 per cent and medical services by 1.8 per cent. However, prices of a range of personal goods and other services dropped by 13.2 per cent and a range of culture and leisure services by 0.6 per cent during the period.

Meanwhile, the NCSI inflation report revealed that the rate of inflation in the Sultanate for November was the lowest among GCC states. "

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