The consumer price index (CPI) climbed 11.1% year-on-year in May, following the 12.7% rise in April.
This was the lowest inflation rate since February 2022, when prices had risen the same 11.1%.
Transport costs dropped further by 22.6% on year in May amid a sharp fall in fuel prices.
On a monthly basis, consumer prices rose 0.3% in May after a 0.2% decline in the previous month. The increase was mainly due to higher prices in the 'food and non-alcoholic beverages' group.
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