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Oman’s inflation at 6.8%

Inflation in Oman fell to slightly above 6.8% in October after reaching a 16 year high of 7.1% in September, reported Reuters citing Ministry of National Economy figures. Rising food prices, which spiked by 12% in the year to October, were a key driving force behind the inflation rate. Oman's peg to the weak US dollar has caused import costs to increase and this has had a knock-on effect on prices.