Oman inflation hits 1.3% fueled by food and drink prices 

Food and non-alcoholic beverages saw an increase of 3.4 percent compared to the same period in the previous year. Shutterstock.
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Updated 26 October 2023
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Oman inflation hits 1.3% fueled by food and drink prices 

RIYADH: Food and beverage prices pushed Oman’s inflation to 1.3 percent in September, latest figures have shown. 

Data released by the National Centre for Statistics showed the rate continued to gather pace after it recorded levels of o.2 percent in July and 0.6 percent in August. 

However, the figure is still lower than September 2022, when it stood at 2.4 percent. 

The consumer price index recorded rises in many categories, with the food and non-alcoholic beverages subgroup registering an increase of 3.4 percent compared to the same period in the previous year. 

The report added that fish and seafood surged by 11.3 percent, while the milk, cheese and eggs subcategory rose by 8.6 percent, and fruit increased by 4.6 percent. 

Moreover, other foodstuffs saw an increase of 4.3 percent, while vegetables recorded a 4 percent rise compared to the same period of 2022. Similarly, oils and fats rose by 3.9 percent, while sugar, jam, honey and sweets registered a 3.3 percent upsurge. 

Additionally, non-alcoholic beverages registered an annual increase of 0.9 percent, while bread and cereals recorded a 0.8 percent rise. The meat group, on the other hand, rose annually by 0.1 percent and by 2.3 percent over the previous month. 

The transport prices fell by 1.37 percent, while the communications sector saw a drop of 0.18 percent. 

Geographically, the NCSI added, Al-Dhahirah recorded the highest inflation rate with 1.6 percent, while Al-Dakhlia and Dhofar registered the lowest rate with 1 percent.   

The report noted that the governorates of Muscat and North Al-Batinah clocked an inflation rate of 1.4 percent, adding that the inflation rate reached 1.3 percent in North Al-Sharqiyah and South Al-Sharqiyah governorates. At the same time, it stabilized in the Al-Buraimi governorate. 

According to Oman News Agency, a rise was also recorded in other main groups, such as miscellaneous goods and services, which rose by 2.68 percent and tobacco, which recorded a 2.35 percent increase. Furthermore, restaurants and hotels registered a 2.27 percent jump, while furniture, household equipment and routine household maintenance recorded a 2.02 percent increase. 

Likewise, housing, water, electricity, gas and other fuel types rose by 1.29 percent, while culture and recreation increased by 1.15 percent. On the other hand, health, clothes and footwear, along with education registered 0.63, 0.45 and 0.05 percent increases, respectively. 

Transport prices went down by 1.37 percent while communications slightly slipped by 0.18 percent. 


Jordan’s industry fuels 39% of Q2 GDP growth

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Jordan’s industry fuels 39% of Q2 GDP growth

JEDDAH: Jordan’s industrial sector emerged as a major contributor to economic performance in 2025, accounting for 39 percent of gross domestic product growth in the second quarter and 92 percent of national exports.

Manufactured exports increased 8.9 percent year on year during the first nine months of 2025, reaching 6.4 billion Jordanian dinars ($9 billion), driven by stronger external demand. The expansion aligns with the country’s Economic Modernization Vision, which aims to position the country as a regional hub for high-value industrial exports, the Jordan News Agency, known as Petra, quoted the Jordan Chamber of Industry President Fathi Jaghbir as saying.

Export growth was broad-based, with eight of 10 industrial subsectors posting gains. Food manufacturing, construction materials, packaging, and engineering industries led performance, supported by expanded market access across Europe, Arab countries, and Africa.

In 2025, Jordanian industrial products reached more than 144 export destinations, including emerging Asian and African markets such as Ethiopia, Djibouti, Thailand, the Philippines, and Pakistan. Arab countries accounted for 42 percent of industrial exports, with Saudi Arabia remaining the largest market at 955 million dinars.

Exports to Syria rose sharply to nearly 174 million dinars, while shipments to Iraq and Lebanon totaled approximately 745 million dinars. Demand from advanced markets also strengthened, with exports to India reaching 859 million dinars and Italy about 141 million dinars.

Industrial output also showed steady improvement. The industrial production index rose 1.47 percent during the first nine months of 2025, led by construction industries at 2.7 percent, packaging at 2.3 percent, and food and livestock-related industries at 1.7 percent.

Employment gains accompanied the sector’s expansion, with more than 6,000 net new manufacturing jobs created during the period, lifting total industrial employment to approximately 270,000 workers. Nearly half of the new jobs were generated in food manufacturing, reflecting export-driven growth.

Jaghbir said industrial exports remain among the economy’s highest value-added activities, noting that every dinar invested generates an estimated 2.17 dinars through employment, logistics, finance, and supply-chain linkages. The sector also plays a critical role in narrowing the trade deficit and supporting macroeconomic stability.

Investment activity accelerated across several subsectors in 2025, including food processing, chemicals, pharmaceuticals, mining, textiles, and leather, as manufacturers expanded capacity and upgraded production lines to meet rising demand.

Jaghbir attributed part of the sector’s momentum to government measures aimed at strengthening competitiveness and improving the business environment. Key steps included freezing reductions in customs duties for selected industries, maintaining exemptions for production inputs, reinstating tariffs on goods with local alternatives, and imposing a 16 percent customs duty on postal parcels to support domestic producers.

Additional incentives in industrial cities and broader structural reforms were also cited as improving the investment climate, reducing operational burdens, and balancing consumer needs with protection of local industries.