Money in Bahrain
Consumer prices declined 0.1% year on year in March (February: +1.1%), largely due to a statistical effect: In January 2022, the VAT was doubled to 10%, fueling inflation. Meanwhile, on 3 May, the Central Bank hiked the one-week deposit rate by 25 basis points—mirroring the Fed—to 6.00%. In 2023, inflation will be lower than last year, thanks to a fading base effect and higher interest rates.
Bahrain Money Chart
Bahrain Money Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Money (ann. var. of M2 %) | 4.2 | 2.4 | 11.1 | 6.5 | 4.9 |