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FINANCIAL NEWS
Bahrain’s inflation slows to 2% in September
23 Oct 2010
(MENAFN) Bahrain’s inflation slowed to a six-month low of 2.0 percent on an annual basis in September, but rose 0.7 percent month-on-month, the fastest rate in a year, data from the Central Informatics Organisation showed.
Analysts expect prices in the Gulf oil producing kingdom to rise this year partially due to higher food prices, but inflation should stay in low single digits.
The non-Opec member’s economy is seen growing 3.5 percent this year after 3.2 percent in 2009, helped by the government’s spending.
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