Inflation Rises 0.43 Percent in March 2019

Muscat, The rate of inflation in the Sultanate rose by 0.43 percent in March 2019, compared to the same month in 2018, according to the latest data released by the National Centre for Statistics and Information (NCSI) on consumer price indices. The index decreased by 0.04 percent compared to February 2019.

The rise in the price index in March 2019 compared to the same month in 2018 is attributed to the rise in the prices of the major groups, such as food and non-alcoholic beverages by 2.26 percent, restaurants and hotels group by 0.24 percent, clothing and footwear group by 0.04 percent, education group by 2.02 percent, culture and entertainment by 0.34 percent, furniture, household equipment and regular household maintenance by 4.66 percent.

Transport group prices fell by 0.93 percent, miscellaneous goods and services group by 2.26 percent, telecommunications group by 0.38 percent and health group by 0.49 percent. The prices of housing group, water, electricity, gas, fuels and tobacco group remained the same.

At the governorate level, The Governorate of Dhofar witnessed the highest increase in inflation by 0.84 percent, followed by the Governorate of A’Dakhiliyah by 0.8 percent, the Governorates of North and South A’Sharqiyah by 0.79 percent, the Governorate of North Al Batinah by 0.55 percent, the Governorate of A’Dhahirah by 0.5 percent and the Governorate of Muscat by 0.12 percent. The rate decreased by 0.47 percent in the Governorate of Al Buraimi.

In comparison to the previous month, the consumer price index fell by 0.04 percent. The prices of food and non-alcoholic beverages decreased by 0.01 percent, transport by 0.11 percent, communications by 0.02 percent, restaurants and hotels by 0.39 percent, miscellaneous goods and services by 0.18 percent, and culture and leisure by 0.09 percent.

In addition, housing, water, electricity, gas and other fuels prices rose by 0.04 percent, furniture, household equipment and household maintenance by 0.24 percent, and prices of clothing, footwear, education, health and tobacco were stable.

Source: Oman News Agency