Some of the measures taken by the government come with limiting monthly fuel prices.
The inflation rate in the Sultanate of Oman remained at appropriate limits of around 3. 1% in the January-August period, which is well below the rate recorded in some economies, adding complex economies, the Ministry of Economy (MoE) said on Saturday.
According to Nasser bin Rashid al Maawali, Undersecretary of Economy, “the inflation rate has remained moderate due to the forged foundations of our economic policy, as it has enabled Oman to cope with the food-related supply chain crisis. “
Some of the measures taken by the government come with a cap on fuel prices per month.
The five-year progression plan aims to keep the average inflation rate of 2. 8 consistent with the penny of the year.
According to statistics, the inflation rate fell markedly to 2. 4% in August 2022 from 4. 4% in January 2022, even as disruptions to the global chain due to the pandemic and external crisis pushed inflation to unprecedented levels in many economies around the world.
In April 2022, headline inflation at 7. 8% the highest since the 2008 currency crisis and reached 6. 9% in complex economies, the highest point since 1983.
The International Monetary Fund had forecast inflation in 2022 to be 9. 4% in emerging and emerging economies, the point since 1995.
However, analysts say, GCC countries have experienced higher costs for clients to a lesser extent, as governments give the most sensible priority to restricting commodity costs. appropriate levels. “
Speaking to the Observer, several consumers said fruit and vegetable costs had risen, but doubled as in many other countries.
According to the National Center for Statistics and Information (NCSI), food and non-alcoholic beverages rose 4. 9% in August, transportation rose 3. 1%, restaurants and hotels rose 2. 1% and fruits rose 7. 5%. 1,9%.
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