Oman’s inflation rate rises in January 2025
Published: 03:02 PM,Feb 22,2025 | EDITED : 07:02 PM,Feb 22,2025
The most significant price increases were observed in personal goods and services, which rose by 4.4%.
MUSCAT: Oman’s inflation rate increased by 1% in January 2025 compared to the same month in 2024, according to data released by the National Centre for Statistics and Information. The rise was driven by higher prices across several key categories, reflecting ongoing economic dynamics in the Sultanate of Oman.
The most significant price increases were observed in personal goods and services, which rose by 4.4%, followed by health services at 3.2% and transportation costs at 2.8%. Within the food and non-alcoholic beverages category, vegetable prices surged by 6.2%, while milk, cheese and eggs saw a 3.3% increase. Sugar, jam, honey and sweets also became more expensive, with prices rising by 2.8%. However, not all food items experienced price hikes; fruit prices dropped by 1.3%, while meat and fish prices declined by 0.4% and 0.5%, respectively.
Regionally, inflation rates varied significantly. Musandam Governorate recorded the highest inflation rate at 1.7%, while Al Batinah South had the lowest at 0.2%. Other governorates, such as Al Dakhiliyah (1.5%) and Al Sharqiyah South (1.4%), also saw above-average inflation rates. In contrast, Al Sharqiyah North recorded a modest 0.3% increase.
The data highlights the uneven impact of inflation across different sectors, underscoring the complexity of managing price stability in a diverse economy. While some categories, such as housing, water, electricity, gas and communications, remained stable, the overall rise in inflation reflects broader global and domestic economic trends, including supply chain dynamics and consumer demand shifts. — ONA
The most significant price increases were observed in personal goods and services, which rose by 4.4%, followed by health services at 3.2% and transportation costs at 2.8%. Within the food and non-alcoholic beverages category, vegetable prices surged by 6.2%, while milk, cheese and eggs saw a 3.3% increase. Sugar, jam, honey and sweets also became more expensive, with prices rising by 2.8%. However, not all food items experienced price hikes; fruit prices dropped by 1.3%, while meat and fish prices declined by 0.4% and 0.5%, respectively.
Regionally, inflation rates varied significantly. Musandam Governorate recorded the highest inflation rate at 1.7%, while Al Batinah South had the lowest at 0.2%. Other governorates, such as Al Dakhiliyah (1.5%) and Al Sharqiyah South (1.4%), also saw above-average inflation rates. In contrast, Al Sharqiyah North recorded a modest 0.3% increase.
The data highlights the uneven impact of inflation across different sectors, underscoring the complexity of managing price stability in a diverse economy. While some categories, such as housing, water, electricity, gas and communications, remained stable, the overall rise in inflation reflects broader global and domestic economic trends, including supply chain dynamics and consumer demand shifts. — ONA