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English news

23-Oct-2016

Transport costs drive inflation higher

Oman registered a year-on-year inflation rate (based on consumer price index) of 1.33% in September 2016, mainly driven by a 6.57% rise in prices in the transport sub-segment, and a 0.77% rise in housing, water, electricity, gas and other fuels. The Sultanate’s petrol (Super Grade) price surged ahead by around 50% to OMR0.179  per litre between mid-January and now, while diesel prices also showed similar growth. (Times of Oman)

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