Oman inflation hits 19-month high

01 December 2010

Sultanate’s inflation rate rose to a 19-month peak of 4.2 per cent

According to data from Oman’s economy ministry, the Sultanate’s inflation rate rose to a 19-month peak of 4.2 per cent year-on-year in September 2010 as food and housing costs picked up sharply, Reuters has reported. Food, beverage and tobacco costs, which account for more than a third of the index, jumped 2.6 per cent on a monthly basis from 1.2 per cent in the previous month, the data showed.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.