Inflation Rate in Oman
Inflation rose slightly to 1.6% in March (February: 1.9%). Inflation should remain weak in 2023, averaging the lowest in the Gulf region. Key drivers of this decline include recent rate hikes, government subsidies and a tougher base effect. Factors to watch include commodity price swings and potential further government intervention.
Oman Inflation Rate Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Oman from 2013 to 2022.
Oman Inflation Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.6 | 0.9 | 0.1 | -0.9 | 1.5 |