The annual inflation rate in Bahrain rose to 0.7% in April 2023, rebounding from a 0.1% decline in the previous month, mainly due to a 4-month high of food inflation (6.7% vs 4.8% in March). Prices also climbed for transport (2.5% vs 0.5%) while rebounded for restaurants & hotels (1.5% vs -2%). On the other hand, inflation eased for furnishing (1% vs 1.1%) and recreation & culture (3.2% vs 5.4%) whereas cost continued to declined for housing & utilities (-2.4% vs -2.1%), alcoholic beverages & tobacco (-4.7% vs -5%) and clothing & footwear (-11% vs -11.7%). On a monthly basis, consumer prices went up by 0.1% in April, reversing from a 0.6% drop in March. source: Central Informatics Organisation - Kingdom of Bahrain
Inflation Rate in Bahrain averaged 1.67 percent from 2008 until 2023, reaching an all time high of 5.22 percent in January of 2009 and a record low of -3.60 percent in April of 2020. This page provides the latest reported value for - Bahrain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bahrain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Inflation Rate in Bahrain is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahrain Inflation Rate is projected to trend around 1.60 percent in 2024, according to our econometric models.