Oman’s inflation seen rising on VAT, higher global prices
Published 14 Apr,2021 via Muscat Daily - Oman’s inflation rate, which is based on the consumer price index, has been in negative territory during the past one year due to weak domestic demand and relatively lower or stable commodity prices.
However, the sultanate’s inflation rate is expected to rise above 3 per cent in 2021, thanks to the implementation of the value-added tax (VAT), economic recovery and rising global commodity prices.
VAT will be implemented across the sultanate on Friday.
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