Oman records .76% inflation in April

Business Monday 23/May/2016 23:22 PM
By: Times News Service
Oman records .76% inflation in April

Muscat: Oman recorded a 0.76 per cent rise in inflation in April, 2016 compared with figures for March 2016, while average year-on-year inflation for the January-April period increased by 0.44 per cent compared with last year, according to the latest report by the National Centre for Statistics & Information.
Housing, water, electricity, gas and other fuels saw prices increase by 0.58 per cent in April compared with the previous month, while food and non-alcoholic beverages rose by 0.32 per cent. Among the latter, bread & cereals prices went down by 0.89 per cent, while fish and seafood declined by 6.96 per cent. Meat, on the other hand logged a price rise of 0.02 per cent.
Milk, cheese & eggs, and oils & fats prices fell 0.63 per cent and 0.15 per cent respectively in April. Vegetables and fruits, however, turned costlier by 8.13 per cent and 2.61 per cent respectively compared with March prices.
Sugar, jam, honey & confectionary set logged a price rise of 0.30 per cent while other food products fell by 0.12 per cent.