Inflation Rate (CPI): Oman

Analysis# Oman Inflation Rate (CPI) Oman's inflation rate stands at 1.5% in 2026, reflecting a stable but modest price environment. This current level sits far below the country's all-time peak of 12.6% in 2008, when global oil prices surged dramatically. Since 1980, inflation has declined 85% overall, though the economy experienced severe deflation of -7.4% in 1984 during challenging macroeconomic conditions. The long-term trajectory shows a general cooling of price pressures across four decades. Recent years reveal remarkable restraint in price growth. From 2017 through 2025, inflation fluctuated between -0.4% and 2.5%, with most years hovering around 1%. The brief uptick to 2.5% in 2022 reflected global commodity volatility, but the rate subsequently normalized downward. Projections suggest inflation will remain anchored near 1.5% going forward, indicating Oman's economy has shifted toward a low-inflation equilibrium distinct from its volatile past.