Bahrain CPI Inflation 0.6% m-o-m in Jan-24
- Bahrain's CPI inflation rate experienced a significant increase of 0.6% in January 2024, marking the highest growth since June 2023.
- The January 2024 inflation rate exceeded the one-year average by 0.53 percentage points, signaling a departure from typical inflationary behaviour.
Bahrain CPI Inflation -0.2% m-o-m in Dec-23
- Bahrain's CPI inflation recorded a second monthly decline in December 2023, this time of -0.2%.
- This negative change is less severe than in November 2023, but remains lower than the one-year average, indicating a relatively subdued price level in Bahrain.
Outlook 2024: Lower For Longer Redux
- With non-Opec+ output likely to exceed consumption growth, the cartel will struggle to keep Brent above USD80pb even in the event of something close to consensus economic growth in China and a probable soft landing in the US. My forecast for 31 December is USD70pb.
By Alastair Newton
Bahrain CPI Inflation -0.5% m-o-m in Nov-23
- Bahrain's CPI inflation rate in November 2023 decreased by 0.5% on a month-on-month basis, marking the lowest since May 2023.
- The November inflation rate was 0.44 percentage points below the 1-year average, indicating a significant deviation from a norm that is already too disinflationary.
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