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  • 22-03-12

    Oman inflation hovers below 4%

    (MENAFN) Omani Finance Minister Darwish Al-Balushi said that the sultanate's consumer prices slowed to below a 4 percent target, Reuters reported. Al-Balushi said the government is not concerned about the inflation level but still monitoring it. Oman's inflation gradually decelerated last year to 3.3 percent in December from a peak of 5.3 percent seen in August. In January, Central Bank Executive President Hamood Sangour Al-Zadjali said he expected inflation to be around 4 percent this year, the same as the 2011 average.

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