FINANCIAL NEWS

Bahrain’s CPI climbs 1.3% in November

22 Dec 2010

(MENAFN) Bahrain’s Central Informatics Organization revealed that the Kingdom’s consumer prices during November of the current year climbed 1.3 percent, compared to a year earlier, hitting an 11-month low, whereas on a month on month basis, the figured dropped 0.7 percent, driven mainly by lower food prices, Reuters reported.

Official data showed that as a result of government spending, the Gulf oil producing Kingdom’s economy is forecasted to expand 3.5 percent in the current year, against 3.2 percent a year ago.

Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB), said that he expected inflation in 2010 to reach about 1.5 percent.

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