FINANCIAL NEWS

Bahrain consumer prices edge down in July

20 Aug 2010

(MENAFN) Consumer prices in Bahrain edged down slightly in July, but economists said drought in Russia and the floods in Pakistan would put pressure on food prices in the Gulf Arab region that depends on imports for much of its supply.

Annual inflation in the kingdom slowed to 2.1 percent, the lowest level in four months, from 2.3 percent in June, data from the Central Informatics Organisation showed.

Consumer prices fell 0.2 percent on the month in July, after a 0.1 percent rise in the previous month due to less expensive food.

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