The Consumer Price Index (CPI) decreased by 0.3 point or -0.3% from 103.2 in April 2024 to 102.9 in May 2024. T
Year-on-year (Y-o-y) inflation worked out to 2.9% in May 2024, compared to 7.9% in May 2023. Headline inflation for the 12-months ending May 2024 worked out to 5.0%, compared to 10.6% for the 12-months ending May 2023.
CORE1 inflation for the 12-months ending April 2024 stood at 2.9%, compared to 9.8% in April 2023.Similarly, CORE2 inflation for the 12-months ending April 2024 worked out to 4.1%, compared to 7.5% in April 2023.
CORE1 inflation for the 12-months ending May 2024 stood at 2.6%, compared to 9.3% in May 2023. Similarly, CORE2 inflation for the 12-months ending May 2024 worked out to 3.9%, compared to 7.3% in May 2023.
