Consumer prices in Oman decreased by 0.29 percent year-on-year in March of 2020, following a 018 percent rise in the prior month, as prices fell mostly for housing & utilities (-0.6 percent vs -0.3 percent) and furnishings (-0.1 percent vs 5.4 percent). Conversely, prices rose faster for food & non-alcoholic beverages (1.3 percent vs 1.2 percent); health (1 percent vs 0.2 percent) and restaurants & hotels (1 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.51 percent, after falling 0.34 percent in the prior month.

Inflation Rate in Oman averaged 3.09 percent from 2005 until 2020, reaching an all time high of 14.50 percent in June of 2008 and a record low of -0.55 percent in November of 2015. 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 April of 2020.

Inflation Rate in Oman is expected to be 1.20 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 3.00 in 12 months time. In the long-term, the Oman Inflation Rate is projected to trend around 3.60 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Oman Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.29 0.18 14.50 -0.55 2005 - 2020 percent Monthly
2012=100
Inflation Rate by Country


Calendar GMT Actual Previous Consensus TEForecast
2020-01-21 03:00 PM Dec -0.1% -0.2% 0.2%
2020-02-16 09:00 AM Jan 0.4% -0.1% 0.4%
2020-03-05 07:50 AM Feb 0.2% 0.4% 0.9%
2020-04-06 07:00 AM Mar -0.29% 0.18% -0.1%
2020-06-03 09:00 AM Apr -0.29%
2020-06-27 09:00 AM May
2020-07-22 09:00 AM Jun 1.2%
2020-08-26 09:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Oman Consumer Prices Fall 0.29% YoY in March
Consumer prices in Oman decreased by 0.29 percent year-on-year in March of 2020, following a 018 percent rise in the prior month, as prices fell mostly for housing & utilities (-0.6 percent vs -0.3 percent) and furnishings (-0.1 percent vs 5.4 percent). Conversely, prices rose faster for food & non-alcoholic beverages (1.3 percent vs 1.2 percent); health (1 percent vs 0.2 percent) and restaurants & hotels (1 percent vs 0.8 percent). On a monthly basis, consumer prices went down 0.51 percent, after falling 0.34 percent in the prior month.
2020-04-06
Oman Inflation Rate at 3-Month High
The annual inflation rate in Oman increased 0.3 percent year-on-year in July of 2019, from a flat reading in the previous month. It was the highest inflation rate since April, as cost rebounded for food & non-alcoholic beverages (1.2 percent vs -0.2 percent in June) and health (0.2 percent vs -0.5 percent) while prices advanced faster for furniture & household equipment (5.4 percent vs 4.9 percent) and restaurants & hotels (0.8 percent from a flat reading). On the other hand, cost declined for transport (-0.4 percent from a flat reading) and housing & utilities (-0.3 percent vs -0.2 percent). On a monthly basis, consumer prices increased 0.5 percent, following a 0.2 percent rise in the prior month.
2019-08-26
Oman Consumer Prices Unchanged in June
Consumer prices in Oman showed no growth from a year earlier in June of 2019, after rising 0.2 percent in the previous month. Transport cost was unchanged in June, compared with an increase of 0.8 percent in May while restaurant & hotels prices continued to show no growth, the same as in the prior month. At the same time, cost drop for housing & utilities (-0.2 percent from -0.3 percent); food & non-alcoholic beverages (-0.2 percent from 0.3 percent); clothing & footwear (-0.7 percent, the same as in May); miscellaneous goods & services (-1.8 percent from -2.3 percent); communication (-0.4 percent from -0.5 percent) and health (-0.5 percent, the same as in May) and inflation was steady for furniture & household equipment (at 4.9 percent); education (at 2 percent) and recreation & culture (at 0.9 percent). On a monthly basis, consumer prices increased 0.2 percent, the same as in the prior month.
2019-07-22
Oman Inflation Rate Slows in May
The annual inflation rate in Oman increased 0.22 percent year-on-year in May 2019, easing from a 0.40 percent rise the previous month. Prices advanced at a softer pace for food & non-alcoholic beverages (0.31 percent vs 1.15 percent in April) and restaurants & hotels (0.01 percent vs 0.09 percent) while cost continued to decline for housing & utilities (-0.27 percent vs -0.26 percent) and for clothing & footwear (-0.71 percent vs -0.66 percent). On the other hand, prices rose faster for transport (0.78 percent vs 0.71 percent) and furniture & household equipment (4.88 percent vs 4.35 percent) while inflation was steady for recreation & culture (at 0.90 percent) and education (at 1.99 percent). On a monthly basis, consumer prices went up 0.17 percent, after a 0.20 percent rise in April.
2019-06-27

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.