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Oman’s October Inflation Eases
DUBAI — Annual inflation in Oman eased to 12.6 per cent in October from 13.4 per cent in September, official government data showed on Saturday.
The
Food, beverage and tobacco costs — which account for almost a third of the index — surged 22.2 per cent, while rents advanced 14.9 per cent.
Inflation in
Like most other Gulf Arab oil producers, Oman pegs its currency to the US dollar, which spurred inflation in the past two years as the US currency fell to record lows against the euro, driving up import costs.
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