Sunday 20 April 2014

Oman inflation surges to 13.7pc

Muscat, October 18, 2008

Annual inflation in Oman accelerated to 13.67 per cent in August from 13.35 per cent in July as food and housing costs soared, official data showed on Saturday.

Oman's consumer price index rose to 127.2 points on August 31 compared with 111.9 points a year earlier, the ministry of national economy said in a monthly report on its website.

Food, beverage and tobacco costs, which account for almost a third of the index, jumped 23.5 per cent and rents - which comprise 15 per cent of the index - climbed 19.5 per cent.-Reuters

Tags: Oman | inflation surge |

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