Bahrain's Inflation Rises to Highest Mark since Dec 2013

2016-05-26 - 12:06 am

Bahrain Mirror: The Arabian Business website said that inflation in Bahrain rose to its highest level since December 2013, according to official figures published on Monday.

Bahrain's statistics office released the April consumer price data, showing inflation at 3.8 percent year-on-year, its highest for 29 months.

Housing and utility costs, which account for 24 percent of consumer expenses, rose 3.8 percent from a year earlier.

Prices of food and non-alcoholic beverages, which account for 16 percent of the basket, climbed 5.9 percent, showed the figures.

Last week, it was reported that Bahrain's gross domestic product (GDP) is forecast to grow by 2.9 percent this year, according to the country's Economic Development Board (EDB).

EDB chief economist Dr Jarmo Kotilaine said that the forecast rate will see Bahrain maintain the same rate of economic growth achieved last year.

The Bahrain News Agency quoted Kotilaine as saying that the non-oil sector growth reached 3.9 percent last year.


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