Bahrain inflation soars to 3.6pc y/y in May
Manama, June 20, 2013
Bahrain's inflation climbed to a four-month high of 3.6 per cent year-on-year (y/y) in May compared to 2.9 per cent during the same period last year mainly due to a sharp rise in housing and utility prices, said a report.
The housing and utility costs, which account for 24 per cent of consumer expenses, rose 9.6 per cent year-on-year in May, said the report releaased by Bahrain's statistics office.
The food prices, which make up 16 per cent of the basket, increased 2.8 per cent on an annual basis and 0.4 per cent from the previous month.
Analysts polled by Reuters in April expected average inflation of 2.8 per cent in 2013, unchanged from 2012.-Reuters