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English news

25-Sep-2016

Oman inflation flat at 1.3% Y-o-Y in August

Oman annual inflation remained flat at 1.3% Y-o-Y in August compared to July. Transport costs jumped 7.3% Y-o-Y on gasoline prices hike to reduce subsidies. Housing and utility costs rose 0.8% Y-o-Y in August. Prices of food and beverages dropped 1.1% Y-o-Y. Monthly inflation dropped -0.1% in August after growing 0.3% in July. (Reuters)

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