Bahrain's inflation rate eased to 1.2 percent year-on-year in December of 2019 from 1.7 percent in the previous month. It was the lowest inflation rate since September, as cost fell for housing & utilities (-0.2 percent vs 1.1 percent in November); clothing & footwear (-10 percent vs -5.2 percent); furniture & household equipment (-1.3 percent vs -0.5 percent) and health (-1.4 percent vs -1.2 percent). In addition, prices advanced at a softer pace for recreation & culture (0.8 percent vs 1.1 percent); alcoholic beverages & tobacco (7.3 percent vs 8.1 percent); communication (4.4 percent vs 4.7 percent) and miscellaneous goods & services (4.5 percent vs 5.1 percent). On the other hand, cost rose faster for food & non-alcoholic beverages (2.7 percent vs 2.5 percent) and transport (4.8 percent vs 4.0 percent). On a monthly basis, consumer prices fell 0.9 percent, after a 0.2 percent decrease in November.
Inflation Rate in Bahrain averaged 2.08 percent from 2008 until 2019, reaching an all time high of 5.22 percent in January of 2009 and a record low of -2.06 percent in March of 2011. 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.
Inflation Rate in Bahrain is expected to be 1.40 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 2.90 in 12 months time. In the long-term, the Bahrain Inflation Rate is projected to trend around 2.60 percent in 2021, according to our econometric models.