# Inflation, consumer prices (annual %)
The "Inflation, consumer prices (annual %)" indicator measures the **annual percentage change** in the **cost of a basket of goods and services typically purchased by households**.
It is a **key indicator of inflation**, reflecting how much the **prices of these goods and services have increased (or decreased)** over a year.
The chart displays the **percentage change in consumer prices (inflation)** in **Oman** for the years **2001 to 2023**.