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Oman creates anti-inflation body

Oman has created a ministerial committee to try to curb inflation, which has hit a 16-year high in the Gulf Arab state, reported Reuters. Annual inflation in Oman soared to a 16-year high of 7.09% in September, as food prices jumped 14% in the country. The anti-inflation committee will include the ministers of economy, commerce and industry, and fisheries as well as the chairman of Oman's chamber of commerce and industry.