Inflation in Bahrain
Bahrain - InflationEconomic growth likely slowed in the first half of this year, dragged on by the government’s fiscal consolidation efforts, which helped to reduce the fiscal deficit by nearly 38% in Bahraini dollar terms, and the introduction of a 5% VAT in January which will have weighed on private consumption growth. Moreover, as Bahrain complies with the OPEC+ agreement, oil production was likely stable, although output rebounded in annual terms in Q1 due to maintenance work at the offshore Abu Sa’afah field which had limited production in Q1 2018. More positively, merchandise exports increased at a strong year-on-year pace in H1. Moreover, turning to the third quarter, merchandise exports continued to grow robustly in July; however, lower oil prices bodes poorly for both exports and public finances.
Bahrain - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.3||2.7||1.9||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 %||Sep 04|
|Stock Market||1,542||0.04 %||Sep 04|
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