Inflation Oman 2024
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 July at 1.5%. The lowest inflation was in January at -0.1%.
- Highest month
- July: 1.5%
- Lowest month
- January: -0.1%
- Difference
- 1.6 percentage points
- Months with data
- 11 of 12
Category Insights
The highest price increase was in Food with an average of 2.9%. The lowest price increase was in Energy with an average of 0.4%.
- Highest increase
- Food: 2.9%
- 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 shows a downward trend. Compared to 2023, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- January: -1.7 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 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | -0.1% | -1.7 |
| February | 0.0% | -1.7 |
| March | 0.2% | -1.2 |
| April | 0.5% | -0.4 |
| May | 1.0% | +0.2 |
| June | 0.8% | -0.1 |
| July | 1.5% | +1.4 |
| August | 1.0% | +0.2 |
| September | 0.4% | -1.1 |
| October | 0.8% | +0.4 |
| November | 0.5% | -0.2 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.