Macroeconomic Forecast Oman

Despite rising during the second half of 2010, we are expecting Omani inflation to moderate during 2011. Consumer price inflation hit a recent peak of 4.2% y-o-y in September, driven up by food and housing costs. However, we believe that underlying price pressures will remain weak over the coming 12 months, as the private sector continues to recover from the economic downturn.

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