Inflation in Bahrain
Bahrain - InflationConditions should have continued to improve in H2, following the economy’s return to growth in the second quarter. In early July, infection rates plunged to their lowest levels since the start of the pandemic, which, coupled with the fast vaccine rollout, allowed authorities to ease restrictions throughout the period. Meanwhile, in late October the government presented a detailed multi-year, five-pillar growth and fiscal balance plan—one of Bahrain’s largest economic reform programs. The plan, which aims to strengthen long-term competitiveness and support the post-pandemic recovery, sees a balanced budget by 2024 and pencils in the previously-announced doubling of the VAT to 10.0% in 2022. It plans to boost employment, includes USD 30 billion for investment in strategic projects, and aims to attract USD 2.5 billion in foreign direct investment by 2023. It was approved by parliament on 3 November. Consequently, on 26 November, S&P Global Ratings affirmed the country’s ‘B+’ rating and upgraded the outlook to stable, highlighting progress on fiscal reforms to reduce the deficit burden.
Bahrain - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.9||2.8||1.4||2.1||1.0|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Inflation Chart
Source: Central Informatics Organization.
|Exchange Rate||0.38||0.03 %||Jan 01|
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