Inflation in Oman

Oman Inflation | Economic News & Forecasts

Oman - Inflation

The economy likely bounced back last year thanks to rising hydrocarbon prices and output, after contracting in 2017. In addition, the government’s fiscal deficit as a percentage of GDP fell notably due to higher oil revenues, fresh data has shown. Nevertheless, the World Bank said on 1 May that Oman’s “persistently large” fiscal deficits are increasing debt levels. Moreover, the IMF noted on 11 April that the government overspent last year, while tax revenues were lower than originally forecast. The Fund also added that the underlying fiscal balance excluding oil revenues actually deteriorated. S&P Global Ratings left Oman’s sovereign credit rating at BB on 19 April but revised the outlook to negative from stable.

Oman - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.3  1.0  0.1  1.1  1.7  

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Oman Inflation Chart

Oman Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Center for Statistics and Information and Met the why particular calculations.

Oman Facts

Exchange Rate0.390.06 %May 13
Stock Market0.10.0 %May 13

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