;

© 2024, design with by 7awi Media Group

Oman's Inflation Rate is the Lowest Among Arab Countries

The country's inflation rate is 1.9%.

  • Publish date: Friday، 14 April 2023
Oman's Inflation Rate is the Lowest Among Arab Countries

The global inflation index from Financial Times indicated that Oman's inflation rate has dropped to 1.9% and is the lowest among Arab countries. 

Read More: 5.8 Magnitude Earthquake Strikes Off Oman's Coast

Read More: Oman to Build Three Dams to Control Wadi Flooding

Read More: Private Sector Employees to Receive Early Salary for Eid

The country's inflation rate has decreased to 1.9% in January 2023 from 4.4% in January 2022. 

The highest inflation rate witnessed by Oman was 13.75 % in January 2008. 

The decrease in the inflation rate has resulted from the government's efficient management of the supply chain crisis related to food items. 

Energy and food prices have increased and remained high globally, nonetheless, in some countries price pressures have reduced and wholesale prices for food and energy have also dropped.

Follow us on our Whatsapp channel for latest news

Related articles