Bahrain consumer prices at 9-month high
Manama, December 20, 2011
Consumer prices in Bahrain rose 1.3 per cent on an annual basis in November, the highest level since February, but fell 0.3 per cent from October due to a drop in food costs, data from the Central Informatics Organisation showed on Tuesday.
Analysts have expected prices in the small Gulf Arab oil producing kingdom to rise this year partially due to higher food prices, however, social unrest sent rents into a nosedive in March.
The non-Opec economy is seen growing by two per cent in 2011 and 3.2 per cent in 2012, lower than previously expected due to the revolt, after 4.5 per cent in 2010, the data said.-Reuters