Bahrain’s annual inflation rate increased to 4.0% in August of 2022 from 3.9% in July. It was the highest inflation since December 2013, with food prices rising 10.4%, the most in three months, primarily attributed to milk, dairy products, sugar, fish and seafood; and edible oils. Additional upward pressures largely came from prices of transport (6.5% vs 7.0%), communication (2.3% vs 3.9%), furnishings & household maintenance (5.5% vs 4.6%), restaurant and hotels (15.1% vs 14.3%), and miscellaneous goods and services (4.4% vs 4.3%). By contrast, prices fell further for both housing (-0.9% vs -1.1%), clothing & footwear (-8.9% vs -7.1%). On a monthly basis, consumer prices rose by 0.2%, following a 0.9% gain in the previous month, which was the most in six months. source: Central Informatics Organisation - Kingdom of Bahrain
Inflation Rate in Bahrain averaged 1.64 percent from 2008 until 2022, 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 October of 2022.
Inflation Rate in Bahrain is expected to be 4.10 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 1.90 percent in 2023 and 1.60 percent in 2024, according to our econometric models.