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Oman inflation falls to 2.88%
- Oman: Tuesday, August 11 - 2009 at 10:34
Oman's Ministry of National Economy has said that the Sultanate's annual inflation rate fell to 2.88% in June from 3.9% in May, as declining oil and rent prices extend a downward trend, Reuters has reported. The country's consumer price index stood at 128.7 points in June against 128.4 points in May. The food, beverage and tobacco index, which accounts for 30.4% of the index, was barely changed in June from May, while the rent component of the index, weighted at 15.3% of overall CPI, rose to 138.8 points in June from 137.7 in May, government data showed.
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StaffTuesday, August 11 - 2009 at 10:34 UAE local time (GMT+4)
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