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Oman reports lowest average inflation growth among GCC countries

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Muscat: The Sultanate of Oman’s consumer prices have seen deflationary pressures recently with year-on-year index decline twice within the last five months, according to a new report.

“Among the six GCC countries, Oman reported the lowest average y-o-y growth in inflation during
March-2024 at 0.2 percent as compared to –3.1 percent growth in March-2023,” Kamco Invest said in its GCC Inflation Update May-2024 report.

“The index reached its lowest level for the last twelve months during February-2024,” the report further…

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