Inflation Oman 2004
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.9%. The lowest inflation was in June at 0.0%.
- Highest month
- December: 1.9%
- Lowest month
- June: 0.0%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.3%. The lowest price increase was in Energy with an average of -0.3%.
- Highest increase
- Food: 1.3%
- Lowest increase
- Energy: -0.3%
Historical Context
Current inflation is around the 5-year average of 0.2%. This approaches the highest level since records began (0.6% in 2004).
- 5-year average
- 0.2%
- 10-year average
- 0.2%
- All-time high (2004)
- 0.6%
- All-time low (2002)
- -0.3%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (+0.4 percentage point).
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- December: +1.9 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 0.1% | +0.1 |
| February | 0.2% | +0.6 |
| March | 0.4% | +0.5 |
| April | 0.5% | +0.5 |
| May | 0.2% | -0.1 |
| June | 0.0% | -0.7 |
| July | 0.8% | +0.8 |
| August | 1.0% | +0.9 |
| September | 0.8% | +0.1 |
| October | 0.4% | -0.5 |
| November | 1.1% | +0.6 |
| December | 1.9% | +1.9 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.