Oman Has Second Lowest Inflation Growth In GCC

Oman has the second lowest inflation growth forecast among the Gulf Cooperation Council (GCC) countries at 1.1 percent in 2023 and 1.7 percent in 2024, in terms of regional picture, according to the IMF.

“Oman recorded the lowest inflation rate in the GCC in 2022 at 2.8 percent according to data published by the International Monetary Fund (IMF)”. However, the consumer prices index in the Sultanate of Oman witnessed a year-on-year (y-o-y) increase of 1.3 percent in September 2023, according to a new report….