Consumer prices in Bahrain decreased 2.7 percent from a year ago in July of 2020, following a 3.4 percent fall in the previous month. It was the fifth straight month of deflation, as prices continued to decrease mostly for housing & utilities (-4.6 percent vs -7.1 percent in June); clothing & footwear (-5.6 percent vs -9.1 percent); recreation & culture (-40.5 percent vs -38.5 percent) and restaurants & hotels (-9.1 percent vs -10.4 percent). Also, inflation slowed markedly for food & non-alcoholic beverages (3 percent vs 6.9 percent). In contrast, transport prices advanced faster (4 percent vs 3.1 percent). On a monthly basis, consumer prices were up 0.4 percent, after dropping 0.6 percent in the previous month.
Inflation Rate in Bahrain averaged 1.88 percent from 2008 until 2020, 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 2020.
Inflation Rate in Bahrain is expected to be -2.50 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 1.50 in 12 months time. In the long-term, the Bahrain Inflation Rate is projected to trend around 1.80 percent in 2021 and 2.60 percent in 2022, according to our econometric models.