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The inflation rate in Bahrain between 2020Q1 and 2021Q1 (year-over-year) was -2.7%. When I was looking at the graph below regarding nominal pay raises for
The inflation rate in Bahrain between 2020Q1 and 2021Q1 (year-over-year) was -2.7%. When I was looking at the graph below regarding nominal pay raises for the private and public sector, I see that both have increased but I can understand why real values would decrease if we have a negative inflation rate. Can you help explain and show the calculation?
Indicator 2020Q1 2020Q4 2021Q1 Total 743,620 687,700 685,204 Employment Bahraini 156,746 152,678 153757 Employment Non-Bahraini 586,874 535,022 531,447 Employment Monthly Wage, BD702 BD705 BD714 Public Sector Monthly Wage, BD441 BD447 BD455 Private Sector Real GDP in BD3.151 BD3.086 BD3.064 billions of BDsStep by Step Solution
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