Monthly inflation is -0.2%, and annual inflation is 2.3%. Inflation is measured by CPI, with monthly inflation for May 2024 compared to the previous month and annual inflation for May 2024 compared to the same month of the previous year.
In May 2024, compared to the previous month, the biggest price reduction was in the groups: “Messages“ (-1.5%), “Entertainment and culture“ (-1.0%), “Transport“ (-0.9%) and “Food products and non-alcoholic beverages“ (-0.5%). The biggest increase was registered in the groups: “Alcoholic beverages and tobacco products“ (+1.0%), “Restaurants and hotels” (+0.6%), “Clothing and shoes“ (+0.6%) and “Miscellaneous goods and services“ (+0.6%).
In May 2024, the monthly inflation was -0.2%, and the annual inflation for May 2024 compared to May 2023 was 2.3%1. Year-to-date inflation (May 2024 vs. December 2023) is 0.4%, and average annual inflation for the period June 2023 - May 2024 vs. June 2022 - May 2023 is 5.1%.