Import price index in Oman rose by 0.9% in fourt quarter of 2024

Muscat: The import price index (IPI) in the Sultanate of Oman went up by 0.9 percent at the end of the fourth quarter of 2024, compared to the corresponding period in 2023, according to the data issued by the National Centre for Statistics and Information (NCSI).

The rise in the IPI is attributed mainly to the decline in the prices of the group of raw material (excluding fuel) by 16.2 percent, machinery and transport equipment by 7.2 percent and mineral fuel and related items by 6.4 percent.

The prices of the following groups went up: miscellaneous products by 22.9 percent, drinks and tobacco by 8.9 percent, vegetable and animal oils, fats, waxes and a range of manufactured goods by 6.6 percent, foodstuff and livestock by 2.6 percent and chemicals and related items by 1.6 percent.