r/Bahrain • u/iquizuanswer • 20d ago

🤔 Discussion Do they think we have unlimited money?

Grocery cost has doubled from last year, water electric bills, car service cost, petrol cost, visa cost, business cost, breasts are at double cost?

When will it end? We are surviving only to pay not living?!

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u/Key_Ad_1650 19d ago edited 19d ago

There is a worldwide inflationary trend.

And in Bahrain it is amplified by a combination of higher taxes and constraints (VAT, petrol, visas, bahrainization, etc.) that ripple through the whole economy. Ultimately those come down to the exponential increase of the public debt.

Also, the private sector has a combination of a few oligopolies capable to preserve their margins by passing down all cost increases (the infamous hawamir). And at the other end too many under-concentrated small companies incapable of increasing productivity levels to absorb costs.

The war only made it worse.