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Tue 8 Mar 2011 08:55 AM

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Bahraini inflation eases to slowest pace in more than 2 years

Inflation rate fell to 0.9% in January from 1% in the previous month, as housing and utility costs decrease

Bahraini inflation eases to slowest pace in more than 2 years
ECONOMIC EASING: Bahraini inflation eased to its slowest pace in more than two years as housing and utility costs decreased (ITP Images)

Bahraini inflation eased to its slowest pace in more than two years as housing and utility costs decreased.

The inflation rate fell to 0.9 percent in January from 1 percent in the previous month, according to the Central Informatics Organisation’s website. The organization on Feb. 21 had reported that inflation eased to 0.6 percent.

Housing and utility costs decreased 1.5 percent while food and beverage costs rose 0.5 percent compared with 3.1 percent the previous month.

Tens of thousands of Bahrainis, inspired by protests that have toppled the rulers of Tunisia and Egypt, have been demonstrating since last month, calling for increased democracy and job opportunities. Bahrain’s benchmark index has declined 2.5 percent this year on the unrest.

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