Oman's inflation may hit 5% in 2010, says central bank

26 April 2010

The executive president of Oman's central bank, Hamood Sangour al-Zadjali, has said that inflation in the Sultanate could reach 5% this year due to imported price pressures, Reuters has reported. Oman's annual inflation maintained a modest upward trajectory to reach an eight-month high of 2% in February, but remained well below the June 2008 high of 13.7%. If oil prices remain high, the country's budget should not end in a deficit, al-Zadjali said.

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