Be the first to comment!Inflation as measured by the RPI fell to 2.6% in May
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National Statistics Office data shows that the annual rate of inflation in May as measured by the Retail Price Index fell to 2.6% from 2.8% in April.
Today’s data revealed that the largest contribution to the overall annual inflation was measured in the food index (+0.51 percentage points), largely due to the higher prices of take-aways
The highest annual inflation rates in May were registered in housing (6.4%) and other goods and services (4.3%).
The lowest annual inflation rates were registered in clothing and footwear (-3.0%) and water, electricity, gas and fuels (0.0%).
The only downward contribution to the overall annual inflation was registered in the clothing and footwear index (-0.20 percentage points), mainly reflecting lower prices of garments, the NSO said.
The 12-month moving average rate for May stood at 2.6%.
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