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Statistics: Oman’s inflation up 0.46 per cent in July

Dhofar and Muscat Governorates recorded highest inflation rates

Oman’s inflation rate recorded a 0.46 per cent increase in July 2015, compared with the same month of last year, recent statistics show.

According to the National Center for Statistics and Information, this increase is due to the rise of prices in the education sector by 4.49 per cent, the tobacco sector by 4.21 per cent and the health sector by 2.75 per cent.

The food and beverages sector recorded an increase of 0.97 per cent and the hotels and restaurants sector recorded 0.77 per cent. While transport sector prices recorded an increase of 0.49 per cent, housing, water, electricity, gas and other fuels recorded 0.44 per cent.

Prices dropped by 2.02 per cent in the clothes and shoes sector, by 0.19 per cent in the miscellaneous personal goods and services’ sector and by 0.15 per cent in the telecom sector during July 2015, compared with July 2014.

The general index for consumers’ prices recorded a 0.53 per cent increase in July 2015, compared with the previous month, due to an increase in food and beverages by 1.93 per cent, by 13.99 per cent in fish and seafood prices, by 3.45 per cent in vegetables and by 1.52 per cent in fruits.

The tobacco, telecom and education sectors witnessed stability in prices during July 2015, compared with the previous month.

Dhofar Governorate recorded the highest inflation rate of 1.26 per cent, followed by the Muscat Governorate with 0.61 per cent, due to inflation in food and beverage prices for July 2015.