CPI up 2.8% yr/yr in May
Consumer prices rose by 2.8% year on year in May, up from 2.3% in April, the Central Statistics Office (KSH) announced on Tuesday.
The month-on-month increase came to 1% versus a 0.7% rise in April 0.6% in May last year.
Consumer prices climbed 2.5% in January-May from the same period of 2005.
Core inflation was 1% year-on-year in May, compared to 0.8% year-on-year in April and was up 0.4% in monthly terms.
Food prices jumped 2.5% in monthly terms, against a 0.9% rise in April. In annual terms they were up 5.8% against a rise of 5.3% in the previous month.
The price of consumer durables did not change from April and dropped 4.6% from May 2005.
The price of electricity, gas and other fuels was unchanged in May from April and was down 0.2% from May 2005, compared with a 0.2% year-on-year drop in April and 6.4% surge in May last year.
The price of services increased by 0.3% and 3.2% in monthly and annual terms, respectively.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.