Inflation in Bahrain
Bahrain - InflationThe economy contracted in the first quarter of the year for the first time in several years on the back of a sizable drop in output from the crude petroleum and natural gas sub-sector, despite rising oil prices from which fellow GCC economies and other Middle Eastern countries benefitted. The contraction came amid increasing concerns over the health of Bahrain’s economy, which is facing significant fiscal and current account deficits, an increasing public debt ratio and low international reserves. To increase financial stability, in late June neighboring countries Saudi Arabia, Kuwait and the UAE pledged an aid package, which temporarily lessened pressure on the currency peg and dampened bond yields. However, the exact size and scope of the aid package are still unknown.
Bahrain - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.2||2.7||1.8||2.8||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Inflation Chart
Source: Central Informatics Organization.
|Exchange Rate||0.38||0.03 %||Aug 07|
|Stock Market||1,348||0.04 %||Aug 07|
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