Why Cost Of Living Has Risen Dramatically In Oman

Cost of living is on the rise in Oman and when compared to data from the previous year. It suggests that inflation has goes up by 1.03 percent according a report published by National Center for Statistics and Information (NCSI).
 
It stated that the price rise can be attributed to the rising costs of furnishings, water, electricity, education, household appliances and housing. Topping the list was price increase in furnishings, home appliances and home maintenance which saw a rise of 3.45 percent when compared to August 2016.

 

Most citizens will be feeling the pinch a little more as water, electricity, gas, housing and other fuels saw a rise of 1.47 percent and foods and non-alcoholic beverages jumped up by 1.06 percent. People who shop a lot might not be affected as rise in footwear and clothing prices was marginal at 0.25 percent.
 
Parents will have to save that little extra for their children’s education as education costs went up by 2.84 percent
 
Communication set dropped by 2.95 percent and people looking to travel and businesses who transport goods will be unhappy to note that transport prices went up by 1.20 percent. Health industry was affected too as prices rose by 0.39 percent.
 
Seafood was affected badly as prices went up by 6.49 percent and others foods like fruits went up by 3.48 percent and vegetables dropped by 1.36 percent.
 
The price of baked goods like bread and other cereals went up by 0.87 percent and other foods like meat and sugar went up by 0.40 percent and 0.57 percent respectively. Dairy products like milk, cheese and poultry products dropped by 0.10 percent and oils dropped by 0.06 percent.
 
Restaurant costs rose by 0.12 percent and the highest affected by the current scenario was tobacco which saw a rise of 23.99 percent.

Author: Tanya Michael   

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