Oman sees May inflation at new high
Muscat, July 6, 2014
Oman's inflation remained at 1.5 per cent on an annual basis in May, its highest level this year, data
from the National Center for Statistics and Information showed.
The prices of food and non-alcoholic beverages, which account for nearly 24 per cent of the basket, increased 2.7 per cent on an annual basis in May and 0.7 per cent from the previous month.
Housing and energy costs, which account for 26.5 per cent of consumer expenses, rose 1.7 per cent year-on-year and were flat month-on-month.
Analysts polled by Reuters in April expected average inflation of 2.4 per cent in 2014 and 2.7 per cent in 2015, up from 1.1 per cent in 2013.-Reuters