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Oman inflation drops to lowest level since 2009 in June

Oman's National Centre for Statistics and Information (NCSI) has said the country's inflation rate fell below 1% in June, on the back of stable housing and utility costs and an easing in the prices of certain imported items due to the strengthening of the US dollar against major Asian currencies, Muscat Daily has reported. Based on the consumer price index (CPI), the annual inflation dropped to 0.98% in June, the lowest level since December 2009, when it hit a low of 0.9%. The biggest decline was seen in the prices of personal-care items and services, which dropped 9.3% year-on-year in June, the figures showed.