DUBAI (Reuters) -- Annual inflation in Bahrain held above 4 percent in November, steered mainly by higher food prices, government data showed on Sunday.

The consumer price index of the smallest Persian Gulf Arab economy rose to 109.4 points on Nov. 30 compared with 104.87 points a year earlier, according to data posted on the Central Informatics Organization website.
Consumer prices in November rose 0.46 percent from October, as food and beverage costs advanced 0.73 percent, the data showed. Food costs rose 10.1 percent in November from a year earlier.
Moderating inflationary pressures have allowed the island kingdom to cut its key interest rates, the central bank has said.
Bahrain, which pegs its currency to the U.S. dollar, lowered key deposit and lending rates last Thursday by 75 basis points as it sought to improve money market conditions.