Bahrain’s annual inflation rate declined to 0.3 percent in July of 2021 from 0.6 percent in the previous month, mainly due to a softer rise in prices of both housing & utilities (0.4 percent vs 2.4) and clothing & footwear (0.7 percent vs 0.9 percent), while transport prices fell (-0.3 percent vs 0.1 percent). Meantime, prices continued to increase for both alcoholic beverages & tobacco (1.0 percent vs 0.9 percent) and restaurants & hotels (0.6 percent vs 0.4 percent), while rebounded for food & non-alcoholic beverages (0.1 percent vs -1.3 percent). On the other hand, prices dropped for furnishing (-3.2 percent vs -3.5 percent), health (-0.2 percent vs -0.7 percent), communication (-2.1 percent vs -1.3 percent). On a monthly basis, consumer prices advanced by 0.1 percent in July, slowing from a 0.3 percent gain in June. source: Central Informatics Organisation - Kingdom of Bahrain
Inflation Rate in Bahrain averaged 1.61 percent from 2008 until 2021, 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 September of 2021.
Inflation Rate in Bahrain is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Bahrain to stand at 1.40 in 12 months time. In the long-term, the Bahrain Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.