Oman's year-on-year inflation rate rose to 1.6 percent in September, up from the 0.9 percent in the previous month, said Oman's Central Bank on Sunday.
The increase in inflation rate mainly resulted from the phenomenal rise of 24 percent in tobacco and transportation cost, according to the latest report of the Central Bank of Oman.
The Customs department has raised the duty on tobacco products to 100 percent in March this year.
The inflation in transport sector also rose by 5.3 percent in September compared with the previous year, while food and non-alcoholic beverages rose by 1.8 percent.
Oman removed subsidy on fuel in the mid January of 2016, resulting in a remarkable rise in petrol and diesel prices, which triggered transport cost.
The increase in inflation rate mainly resulted from the phenomenal rise of 24 percent in tobacco and transportation cost, according to the latest report of the Central Bank of Oman.
The Customs department has raised the duty on tobacco products to 100 percent in March this year.
The inflation in transport sector also rose by 5.3 percent in September compared with the previous year, while food and non-alcoholic beverages rose by 1.8 percent.
Oman removed subsidy on fuel in the mid January of 2016, resulting in a remarkable rise in petrol and diesel prices, which triggered transport cost.
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