Oman’s Producer Price Index (PPI)-based inflation declined by 25.8% in the third quarter of 2015 as compared to Q3-14, according to data released by National Centre for Statistics and Information (NCSI).
On a quarterly basis, the third quarter’s PPI posted 0.7% rise when compared to the second quarter.
Prices of oil and gas products dropped 29.4% year-on-year in Q3, while non-oil products prices fell by 4.8%.
NCSI said “During the third quarter, food, beverages and textiles group experienced a price fall of 5.9% as against Q3, 2014.”
However, electricity and water prices rose by 2.7%, along with a 5.1% increase in minerals and stones.
