(MENAFN) Up from the 0.9 percent in the previous month, Oman's year-on-year inflation rate rose to 1.6 percent in September, Oman's Central Bank said on Sunday.
According to the latest report of the Central Bank of Oman, the increase in inflation rate mainly resulted from the phenomenal rise of 24 percent in tobacco and transportation cost.
The Customs department has raised the duty on tobacco products to 100 percent in March this year.
MENAFN2011201700450000ID1096114651
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.