Oman Import Prices Surge 14.8% in Q4 2025 Driven by Machinery Costs
Oman’s import prices experienced a significant 14.8 percent year-on-year increase in the fourth quarter of 2025, primarily driven by a sharp 39.4 percent rise in machinery and transport equipment costs. According to data from the National Center for Statistics and Information, other contributing factors included price hikes in chemicals and related products, which rose by 9.6 percent, and animal and vegetable oils, which increased by 9.3 percent. Conversely, mineral fuels and lubricants saw an 8.6 percent decline, while food and live animals remained stable. Despite these rising import costs, consumer inflation remained moderate at 0.94 percent from January to November 2025. The Ministry of Economy attributed this stability to proactive government policies and currency pegs, which have helped mitigate global inflationary pressures. The International Monetary Fund supports this outlook, projecting inflation in Oman to stay below 2 percent through 2026. While quarterly comparisons showed a modest 0.6 percent overall increase, specific sectors like beverages and tobacco recorded notable declines. The report highlights the resilience of Oman’s economy against international trade variables and rising customs duties.
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Oman Import Prices Surge 14.8% in Q4 2025 Driven by Machinery Costs
Oman’s import prices experienced a significant 14.8 percent year-on-year increase in the fourth quarter of 2025, primarily driven by a sharp 39.4 percent rise in machinery and transport equipment costs. According to data from the National Center for Statistics and Information, other contributing factors included price hikes in chemicals and related products, which rose by 9.6 percent, and animal and vegetable oils, which increased by 9.3 percent. Conversely, mineral fuels and lubricants saw an 8.6 percent decline, while food and live animals remained stable. Despite these rising import costs, consumer inflation remained moderate at 0.94 percent from January to November 2025. The Ministry of Economy attributed this stability to proactive government policies and currency pegs, which have helped mitigate global inflationary pressures. The International Monetary Fund supports this outlook, projecting inflation in Oman to stay below 2 percent through 2026. While quarterly comparisons showed a modest 0.6 percent overall increase, specific sectors like beverages and tobacco recorded notable declines. The report highlights the resilience of Oman’s economy against international trade variables and rising customs duties.
Business & Economy