Thursday 26 November 2015

Bahrain inflation down 2.7pc in July

Manama, August 23, 2014

Bahrain's annual inflation rate eased to 2.7 per cent in July slowing down slightly from 3.1 per cent year-on-year in June, said a report.
Housing and utility costs, which account for 24 per cent of consumer expenses, rose 5.4 per cent from a year earlier and were flat from the previous month, according to the consumer price data for July released by Bahrain's statistics office.

The prices of food and non-alcoholic beverages, which account for 16 per cent of the basket, gained 2.3 per cent year-on-year and rose 2.1 per cent month-on-month.

Analysts polled by Reuters in April predicted average inflation of 3.3 per cent in 2014 and 3 per cent in 2015 compared with 3.3 per cent in 2013.-Reuters

Tags: Bahrain | inflation |

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