Muscat, Oman – The Sultanate of Oman’s producer price index (PPI) in Q3 2023 recorded a decrease of 13 percent compared to Q3 2022, according to data issued by the Omani National Centre for Statistics and Information (NCSI).
The statement explained that the prices of oil and gas products decreased by 13.7 percent, under pressure from the decrease in the prices of crude oil and natural gas products by 16 percent, and the prices of refined oil products increased by 2.3 percent.
Non-oil products also recorded a decrease of 8.2 percent due to a decrease in the prices of the manufacturing industries group by 10.2 percent, in which most of the sub-group prices decreased by varying percentages. Prices of metal products, machinery and equipment decreased by 11 percent.
Meanwhile, prices of other transportable goods decreased by 10.9 percent, and prices of food, beverages, and textiles decreased by 7.9 percent.