Bahrain inflation hits one-year high in Oct
Manama, November 23, 2013
Bahrain inflation soared to 3.8 per cent year-on-year in October, the highest since July 2012, according to the data released by Bahrain's statistics office.
The housing and utility costs, which account for 24 per cent of consumer expenses, rose 7.1 per cent year-on-year in October and were unchanged from the previous month.
The food prices, which account for 16 per cent of the basket, increased 3.8 per cent on an annual basis but dropped 1.4 per cent from the previous month.
The analysts polled by Reuters in September expected average inflation of 3.1 per cent in 2013 and 3 per cent in 2014, up from 2.8 per cent in 2012.-Reuters