Inflation Oman 2023
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in February at 1.7%. The lowest inflation was in July at 0.1%.
- Highest month
- February: 1.7%
- Lowest month
- July: 0.1%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.2%. The lowest price increase was in Energy with an average of 0.4%.
- Highest increase
- Food: 3.2%
- Lowest increase
- Energy: 0.4%
Historical Context
Current inflation is around the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1%
- All-time high (2008)
- 12.4%
- All-time low (2020)
- -0.4%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-1.5 percentage point).
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- January: -2.6 percentage points
ECB Target
Inflation is 1.0% 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 €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 1.6% | -2.6 |
| February | 1.7% | -2.1 |
| March | 1.4% | -1.6 |
| April | 0.9% | -1.7 |
| May | 0.8% | -1.6 |
| June | 0.9% | -1.6 |
| July | 0.1% | -2.0 |
| August | 0.8% | -1.2 |
| September | 1.5% | -0.7 |
| October | 0.4% | -1.8 |
| November | 0.7% | -1.1 |
| December | 0.7% | -0.8 |
| Average | 1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.