January inflation rises 1.79 per cent

MUSCAT: Oman registered a year-on-year consumer inflation of 1.79 per cent in January 2017, riding primarily on a 9.02-per cent rise in prices of products and services in the transport set, and aided by a 2.01-per cent upward price revision in the housing, water, electricity, gas and fuels set.
According to the latest data released by the National Centre for Statistics and Information (NCSI), the Sultanate’s premier statistical agency, inflation was contained by a price decline of 2.05 per cent among foods and non-alcoholic beverages, and also falling prices across clothing and footwear (0.71 per cent), health (0.13 per cent) and communication (3.02 per cent).
Tobacco prices went up nearly 22 per cent while furnishings, household equipment and maintenance turned costlier by 1.37 per cent, along with a 2.85-per cent price hike in the education set.
Recreation and culture, and restaurants and hotels recorded a price increase of 0.44 per cent and 0.39 per cent respectively in January compared with the same month of 2016.
Miscellaneous goods and services costs rose by 1.88 per cent.
In the food segment, price of meat escalated by 0.37 per cent, followed by a price rise of 0.37 per cent and 0.64 per cent in sugar, jam, honey and confectionary; and non-alcoholic beverages respectively.
However, bread and cereals; fish and seafood;
and milk, cheese and eggs logged a price fall
of 1.3 per cent, 0.51 per cent and 2.55 per cent respectively.
Oils and fats declined by 0.26 per cent even as fruits and vegetables fell by 4.15 per cent and 11.11 per cent in the same order. Other food products saw prices going up by 0.55 per cent. Monthly inflation in January stood at 0.75 per cent, compared with prices for December 2016. — ONA