Headline CPI plummets 3.44%

Headline CPI plummets 3.44%

The headline consumer price index (CPI) declined by 3.44% in May from a year earlier, the biggest contraction in nearly 11 years and more than expected, commerce ministry data showed on Thursday.

The reading compared with a forecast decline of 2.95% in a Reuters poll, and with April's 2.99% fall.

The annual core inflation rate was 0.01%, compared with a forecast of 0.35%, and April's 0.41%. 


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