Bahrain’s annual Consumer Price Index speeded up to 3.7% y/y in February 2014 from 3.3% y/y in January on rising food and housing costs. Also, the monthly CPI heated-up, climbing by 0.6% m/m in February, up from a 0.2% m/m increase in January, Bahrain’s Central Informatics Organisation reported.
The monthly CPI was pulled higher mainly due to a 3% m/m jump in the sub-index for food and non-alcoholic beverages. While prices of clothing and footwear as well as miscellaneous goods and services were 0.3% m/m and 0.7% m/m higher, respectively. Meanwhile, prices declined in the sub-indexes for alcoholic beverages and tobacco (-0.9%); furnishing, household equipment and routine household maintenance (-0.2%); health care services (-1.2%).
The annual CPI inflation was fuelled by price increases in the sub-index for housing, water, electricity, gas and other fuels (6.9%); education (5%); food and non-alcoholic (6.2%); restaurants (4%); miscellaneous goods and services (3.7%).
|
|
Feb.-14 (m/m) change in % |
Feb.-14 (y/y) change in % |
|
CPI |
0.6 |
3.7 |
|
Food and Non-Alcoholic Beverages |
3 |
6.2 |
|
Alcoholic beverages, tobacco |
-0.9 |
1.5 |
|
Clothing and Footwear |
0.3 |
0.1 |
|
Housing, water. Electricity, gas and other fuels |
0.0 |
6.9 |
|
Furnishing, household equipment and routine household maintenance |
-0.2 |
1.2 |
|
Health care services |
-1.2 |
-0.4 |
|
Transportation |
0.0 |
0.6 |
|
Communication |
0.1 |
0.2 |
|
Recreation and culture |
0.1 |
1.7 |
|
Education |
0.0 |
5 |
|
Restaurants |
0.0 |
4 |
|
Miscellaneous goods and service |
0.7 |
3.7 |
|
Source:
|
Central Informatics Organisation |
|
Related Articles
Egypt brings new gas well online with 10mn cubic feet/day output
Egypt’s Ministry of Petroleum and Mineral Resources is finalising procedures to bring a new natural gas well, North El-Basant-1, into production with an expected output of around 10mn cubic feet ... more
Tunisia kicks off stalled expansion of solar projects with 1.3GW capacity push
Tunisia is finally accelerating the deployment of its large-scale photovoltaic (PV) sector after years of slow progress, with construction now underway across multiple major projects, PV-Magazine ... more
Shell and Petronas seek 20% gas price increase for Egypt’s West Delta marine phase
UK energy major Shell (LON:SHEL) and Malaysia's national oil and gas company Petronas have asked the Egyptian Natural Gas Holding Company (EGAS) to raise the gas price for the upcoming Phase 12 ... more