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Bahrain’s inflation rate increases to 1.8 percent
The rate increased from 1.6 percent in December last year to 1.8 percent in January.
February 21, 2010 11:19 by kippreport
Bahrain’s inflation rate increased to 1.8 percent in January this year, up from 1.6 percent in December, according to official data released by the government’s statistics office. The country’s consumer price index stood at 111.5 in January, a rise of 0.36 percent compared to December, the data showed. While food prices increased 0.55 percent during the period, clothing prices rose 0.96 percent, and housing, water and electricity prices remained the same.
The inflation rate in January represents the highest level recorded since last September, reports Reuters. Last month, Bahrain’s central bank governor, Rasheed al-Maraj, said that he did not “see any risk of inflation at this stage.”