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Inflation in Oman saw four-year low in July

The rate fell to…

August 29, 2009 7:27 by

Inflation in Oman fell to a four year low of 1.8 percent in July this year, the economy ministry has announced. The country saw an inflation rate of 2.9 percent in June. According to Bloomberg, inflation in Oman was last below 1.8 percent in August 2005.

An EFG-Hermes report released last week said that the UAE and Qatar will see deflation this year.

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