Muscat - The inflation rate in the Sultanate of Oman in January 2024 witnessed a decrease of 0.1 percent compared to the same month in 2023 for the base year 2018, according to the National Center for Statistics and Information (NCSI).
The decrease in the price index in January 2024 compared to the same month in 2023 is due to a decrease in the prices of the main groups, such as the transportation group by 3.4 percent, the education group by 0.4 percent, the restaurants and hotels group by 0.2 percent, the clothing and footwear group by 0.2 percent, and the communications group by 0.2 percent, compared to an increase in prices.
The food and non-alcoholic beverages group rose by 1.4 percent, the miscellaneous personal goods and services group rose by 2.3 percent, and the tobacco group rose by 2.4 percent, while the prices of the remaining groups remained stable.
In the food and non-alcoholic beverages group, the prices of fruits increased by 9.2 percent, milk, cheese, and eggs by 6.7 percent, and food products not classified under another heading by 4.2 percent, sugar, jam, honey, and sweets by 3.6 percent, oils, and fats by 2.3 percent, bread, and cereals by 1.5 percent, and vegetables by 1.3 percent. Meat by 0.7 percent and non-alcoholic beverages by 0.7 percent, while fish prices decreased by 10.3 percent.
The Muscat Governorate recorded the highest rate of decline in inflation at the end of January 2024 compared to the same period last year.
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