CPI drops marginally in May

Data from the General Statistics Office shows that the country’s Consumer Price Index in May slid 0.06 percent compared to the previous month, but rose 6.36 percent year-on-year, and 2.35 percent compared to that in December 2012.

Data from the General Statistics Office shows that the country’s Consumer Price Index in May slid 0.06 percent compared to the previous month, but rose 6.36 percent year-on-year, and 2.35 percent compared to that in December 2012.

Among commodity groups, four saw a decline in price compared to last month, including restaurant and catering services with 0.35 percent, house and building materials with 0.53 percent, transport with 0.57 percent, and post and telecommunications with 0.07 percent.

Other commodity groups increased by 0.02-1.58 percent, of which medicines and healthcare services had the highest increase of 1.58 percent with healthcare services alone surging 1.92 percent compared to the previous month.

Gold price index fell 4.62 percent over the previous month, down 11.46 percent compared to December last year, and 5.83 percent year-on-year.

The US dollar rose 0.21 percent in May, up 0.55 percent compared to December last year, and 0.59 percent year-on-year.

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