Oman producer price index-based inflation registered a sharp 19.1% drop in the second quarter of 2016 compared with the same quarter last year, according to the latest data released by the National Centre for Statistics & Information (NCSI). The producer price index (PPI) decline was mainly driven by a 22.3 per cent fall in the price of oil and gas products along with a 23.7 per cent dip in crude oil and natural gas prices, according NCSI data. (Times of Oman)
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