Consumer prices in Oman decreased 1.34 percent year-on-year in August of 2020, the sixth straight month of deflation. Main downward pressure came from prices of housing & utilities (-0.42 percent, the same pace as in July); miscellaneous goods & services (-1 percent vs -1.1 percent) and restaurants & hotels (-0.32 percent vs -0.12 percent). Also, inflation slowed for food & non-alcoholic beverages (0.40 percent vs 0.62 percent). On a monthly basis, consumer prices went up 0.13 percent, after falling 0.20 percent in the prior month.

Inflation Rate in Oman averaged 2.97 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -1.40 percent in July of 2020. This page provides - Oman Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Inflation Rate in Oman is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Oman to stand at 1.60 in 12 months time. In the long-term, the Oman Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Oman Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.34 -1.40 14.50 -1.40 2005 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-10 04:00 PM May -0.96% -0.97% -1.2%
2020-07-08 01:30 PM Jun -0.73% -0.96% -1.8%
2020-08-17 09:20 AM Jul -1.40% -0.73% -0.4%
2020-09-13 04:00 AM Aug -1.34% -1.40% -1.4%
2020-10-21 09:00 AM Sep -1.34% -0.8%
2020-11-19 09:00 AM Oct
2020-12-19 09:00 AM Nov


News Stream
Oman Consumer Prices Fall for 6th Month
Consumer prices in Oman decreased 1.34 percent year-on-year in August of 2020, the sixth straight month of deflation. Main downward pressure came from prices of housing & utilities (-0.42 percent, the same pace as in July); miscellaneous goods & services (-1 percent vs -1.1 percent) and restaurants & hotels (-0.32 percent vs -0.12 percent). Also, inflation slowed for food & non-alcoholic beverages (0.40 percent vs 0.62 percent). On a monthly basis, consumer prices went up 0.13 percent, after falling 0.20 percent in the prior month.
2020-09-14
Oman Consumer Prices Fall for 5th Month
Consumer prices in Oman went down 1.4% year-on-year in July of 2020, the most since at least 2005, following a 0.73% decrease in the previous month. This marked the fifth consecutive month of deflation as cost declined for: housing & utilities (-0.42% vs -0.52% in June); furnishings (-0.36% vs -0.1%), miscellaneous goods & services (-1.06% vs -1.62%) and restaurants & hotels (-0.12% vs -0.88%). In addition, inflation softened for food & non-alcoholic bevaregs (0.61% vs 3.39%) and health (0.29% vs 0.98%).On a monthly basis, consumer prices fell 0.20%, after rising 0.42% in the preceding month.
2020-08-17
Oman Consumer Prices Fall for 4th Month
Consumer prices in Oman decreased by 0.73% year-on-year in June of 2020, following a 0.96 percent fall in the previous month. This marked the fourth straight month of deflation but at a softer pace. Main downward pressure came from prices of transport (-6.95% vs -7.95% in May); furnishings (-0.31% vs -0.35%); housing & utilities (-0.52%, the same pace as in May); clothing & footwear (-1.13% vs -1.46%) and miscellaneous goods & services (-1.62% vs -1.34%). Meanwhile, inflation edged higher for food & non-alcoholic beverages (3.39% vs 3.33%), of which vegetables (10.55%). On a monthly basis, consumer prices increased 0.42%, after rising 0.18% in the prior month.
2020-07-08
Oman Posts Consumer Price Deflation for 2nd Month
Consumer prices in Oman declined by 0.97 percent year-on-year in April of 2020, following a 0.29 percent fall in the previous month. This marked the second consecutive month of deflation and at the steepest pace since at least November of 2005. Main downward pressure came from prices of transport (-6.5 percent vs -1.6 percent); recreation & culture (-0.6 percent, after being flat in March); housing & utilities (-0.5 percent vs -0.6 percent); furnishings (-0.2 percent vs -0.1 percent) and communication (-0.1 percent vs -0.3 percent). In contrast, inflation edged higher mostly for food & non-alcoholic beverages (2.1 percent vs 1.3 percent). On a monthly basis, consumer prices were down by 0.48 percent compared to a 0.51 percent fall in the prior month.
2020-05-12

Oman Inflation Rate
In Oman, the main components of the consumer price index are: Food, Beverages and Tobacco (30 percent of the total weight); Transport and Communication (22 percent) and Rent, Electricity, Water and Fuel (21 percent). Clothing, Textiles and Footwear account for 8 percent; Personal Care Items and Other Services for 6 percent and Furniture and Housing Materials for 5 percent. Others include: Educational Services (3 percent); Recreation and Entertainment (3 percent) and Medical Care (2 percent). The index has a base of 100 as of 2000.