Retail Price Index at 1.29% in May

In May, the annual rate of inflation stood at 1.29 per cent. A year earlier the annual rate amounted to -0.39 per cent.

The main upward impacts on annual inflation were recorded in the Food Index (0.44 percentage points), the Clothing and Footwear Index (0.36 percentage points) and the Recreation and Culture Index (0.21 percentage points). These were mainly due to higher prices for vegetables, garments and expenses related to education respectively.

The largest downward impact was brought about by the Transport and Communication Index (0.28 percentage points). This was mainly due to a price reduction in fuels.

The twelve-month moving average rate was 0.52 per cent