Oman’s Producer Prices Climb 3.3% in Q2 2024

Oman, 19 September, 2024 : Oman’s producer price index (PPI) increased by 3.3% in the second quarter of 2024 compared to the same period in 2023, according to the National Centre for Statistics and Information.

The mining and quarrying sector saw a 5.2% rise, driven by a 5.4% increase in crude petroleum and natural gas prices and a 6.2% rise in metal ore products. However, stone, sand, and clay prices fell by 1.6%.

In manufacturing, prices increased by 0.5%, with transportable goods rising by 1.1%, while metal products, machinery, and equipment prices dropped by 1%. Food, beverages, and textile products saw a 2.4% increase.

Electricity prices rose by 2.2%, and water prices surged by 5.5%.

Source : www.timesofoman.com