Drop In Inflation In Oman: NCSI

23 Jan 2020
POSTED BY Alvin Thomas

Oman’s economy has been showing positive signs as per a new revelation by the National Centre for Statistics and Information (NCSI).

A report published by the data collection body shows a 0.15 per cent drop in inflation in the month of December 2019 when compared with the same month in 2018. The rate in December 2018 was (+) 0.75 per cent.

Image Source: NCSI

In economic terms, inflation is ‘a sustained increase in the general price level of goods and services in an economy over a period of time’.

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