RIYADH: Oman’s consumer prices rose 3.8 percent year on year in May, with transport and miscellaneous personal goods and services recording the sharpest increases, official data showed.
According to the National Center for Statistics and Information, the average inflation rate for the January-May period stood at 2.8 percent, the Oman News Agency reported.
Oman’s inflation rate exceeded the latest reported readings across much of the Gulf Cooperation Council.
Saudi Arabia’s CPI rose 1.8 percent year on year in May, while Kuwait’s inflation stood at 2.49 percent in the same month. Oxford Economics forecasts Bahrain’s full-year 2026 inflation at 2.1 percent, while inflation in the UAE is expected to remain close to the 2 percent mark.
“The miscellaneous personal goods and services group topped the list of categories with the highest price increases, at 9.6 percent, followed by transport at 9.2 percent, and food and non-alcoholic beverages at 6.6 percent,” the ONA reported stated.
