• HSBC

Oman's inflation slows

  • Oman: Wednesday, September 09 - 2009 at 10:18

Oman's Ministry of National Economy has said that the Sultanate's annual inflation had slowed for the eighth month in a row to 1.82% in July from 2.88% in June, Reuters has reported. The Omani consumer price index stood at 128.8 points in July from 128.7 points in June, the ministry said. The food, beverage and tobacco index, which accounts for 30.4% of the index, had slipped to 149.4 points in July from 149.6 points in the previous month. The rent component of the index, weighted at 15.3% of overall CPI, had climbed to 139.2 points in July from 138.8 points in June.

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