The producer price index (PPI) in the
Sultanate moved up by 7.3% in the fourth quarter of 2017, compared
with the same period in 2016. This was attributed to an increase in the
indices of oil and gas products by 8.5% and non-oil products by 2.6%,
according to the data released by the National Centre for Statistics and
The rise in oil and gas products prices was due to the rise in
refined oil products by 25.6% while the prices of crude oil and natural
gas products grew by 5.6%.
Among non-oil products, the prices of the manufactured items rose
by 4.1% compared with the decline of the prices of mining, electricity
and water by 1.8%.
In the manufacturing group, prices of most of the sub-groups
increased with varying percentages. Prices of metal products,
machinery and equipment rose by 9.5%, and other transportable
products rose by 3.8% while prices of food, beverages and textiles
products decreased by 1.2%.
Prices of dairy products increased by 8.2%. While there is a decline
in the prices of bakery and other food products by 6.2%, prices of
garments, textiles and footwear dropped by 1.2%, and beverages
products by 0.4%. On other hand, prices of fish, fruits, vegetables and
oils products remained stable.
The prices of products of gases, acids and polypropylene products
went up by 12.4%, furniture, jewellery manufacturing and anti-melted
metal waste rose by 1.9%, wood and paper products inclined by 0.6%
and rubber and plastic products grew by 0.5%.
On the contrary, there was a decline in the prices of paints and
pharmaceutical products by 3.8% and glass, cement and marble
products by 1.8%.
Raw products of steel or aluminum prices rose by 25.3%,
conditioning, heating and pumping water, drilling of oil wells apparatus
and cars oils filters rose by 1.9%. Prices of fabricated products of steel
or aluminum dropped by 1.6%.
Source: Oman News Agency