FINANCIAL NEWS

Bahrain’s inflation accelerates in March

21 Apr 2010

(MENAFN) Bahrain’s state statistics office said in a statement that the kingdom’s annual inflation rate rose to 1.8 percent in March, compared with 1.7 percent in the previous month, on higher food and clothing prices, Reuters reported.

Compared with the previous month, the consumer price index of the kingdom rose by 0.1 percent in March, after a 0.2 percent increase in February, the office said.

The slight increase in March was driven by higher food prices, which edged up 0.38 percent from February, and higher clothing prices, which increased 1.15 percent. This offset lower housing prices, which fell 1.46 percent month-on-month.

It is noteworthy that Bahrain’s annual inflation reached a low of 1.1 percent in November last year.

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