Producer prices in Oman increased by 40.7 percent during the second quarter of 2022
The producer price index in the Sultanate of Oman rose by 40.7 percent during the second quarter of this year, compared to Q2 2021.
The rise in the index was due to the 48.7 percent rise in oil and gas products and a 40.7 percent increase in non-oil products.
The data of the quarterly survey of producer price indices issued by the National Center for Statistics and Information indicated that the increase in the prices of oil and gas products is due to the increase in the prices of refined oil products by 50.3 percent and the increase in crude oil and natural gas products by 48.4 percent.
The hike in the prices of non-oil products is attributed to the prices of the manufacturing group increased by 9.4 percent, and the prices of the mining, electricity and water group by 1.8 percent.
In the manufacturing group, most of the sub-group prices increased in varying degrees, as the prices of food, beverages and textile products increased by 15.2 percent, the prices of metal products, machinery and equipment increased by 11.6 percent, and the prices of other transportable goods increased by 5.7 percent.
As for the group of food and textile products, the prices of fish, fruits, vegetables and oils increased by 34.8 percent, fabrics and textiles by 11.7 percent, beverages by 8.6 percent, dairy products by 8.5 percent, bakery products and other food products by 3.9 percent and shoes by 2.7 percent.
In the group of metal products, machinery and equipment, the prices of iron, steel or aluminum products increased by 35.7 percent, empty pressurized cylinders by 15.4 percent, raw products and iron, steel or aluminum products by 11.4 percent, and water heater products by 10.4 percent.
As for another group of transportable goods, the prices of dyes and pharmaceutical products increased by 13 percent, chemical products by 11.6 percent, rubber and plastic products by 6 percent, re-melted iron waste products by 4.9 percent, and paper products by 1.6 percent.