Upward trend in consumer prices slows

Upward trend in consumer prices slows

Higher prices of fresh vegetables and fruits were behind an inflation uptick in May. (File photo)
Higher prices of fresh vegetables and fruits were behind an inflation uptick in May. (File photo)

The consumer price index (CPI), which gauges headline inflation, climbed 1.15% year-on-year in May. That compares to increases of 2.23% in April and 1.24% in March.

The uptick was 0.73% year-on-year in February and 0.27% in January.

According to a Commerce Ministry report, prices rose 0.48% from the previous month in May after increasing 0.44% in April. The increase was attributed to higher prices of fresh fruits and vegetables, raw foods and public transportation services.

Core CPI, which excludes volatile food and energy prices, rose 0.54% year-on-year in May and 0.10% from April.

For the first five months of the year, headline inflation averaged 0.92% from the same period last year, with core inflation at 0.60%

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