Home News Oman Aug inflation stands at 1.03pc

Aug inflation stands at 1.03pc

MUSCAT

The Sultanate’s year-on-year inflation for August has touched 1.03 per cent, driven by a rise in cost of housing, water, electricity, gas and other fuels, according to National Centre for Statistics and Information (NCSI) data.

The major cause of the prices rise was a 3.45 per cent, rise in furnishings, household equipment and routine household maintenance group in August this year compared to the same period of 2016.

Housing, water, electricity, gas and other fuels witnessed 1.47 per cent rise while that of foods and non-alcoholic beverages rose 1.09 per cent. Prices of clothing and footwear set rose slightly by 0.25 per cent rise compared to August 2016 while education witnessed a 2.84 per cent jump compared to the same period last year.

While health prices rose by 0.39 per cent, that of recreation and culture set went up by 0.33 per cent in August this year compared to the same period of 2016. Communication set fell by 2.95 per cent compared to prices last year.

Oman News Agency

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